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§ 15-1605. Expiration and renewal of registration

West's Annotated Code of MarylandInsuranceEffective: June 1, 2018

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 15. Health Insurance
Subtitle 16. Pharmacy Benefits Managers (Refs & Annos)
Part II. Registration and Regulation of Pharmacy Benefits Managers
Effective: June 1, 2018
MD Code, Insurance, § 15-1605
§ 15-1605. Expiration and renewal of registration
Currentness
Expiration date
(a) A pharmacy benefits manager registration expires on the second September 30 after its effective date unless it is renewed as provided under this section.
Renewal of registration
(b) A pharmacy benefits manager may renew its registration for an additional 2-year term, if the pharmacy benefits manager:
(1) otherwise is entitled to be registered;
(2) files with the Commissioner a renewal application on the form that the Commissioner requires; and
(3) pays to the Commissioner a renewal fee set by the Commissioner.
Timeliness of application for renewal
(c) An application for renewal of a pharmacy benefits manager registration shall be considered made in a timely manner if it is postmarked on or before the date the pharmacy benefits manager's registration expires.
Duty of Commissioner to renew registration of managers meeting requirements of section
(d) Subject to the provisions of § 15-1607 of this part, the Commissioner shall renew the registration of each pharmacy benefits manager that meets the requirements of this section.
Additional information
(e) The Commissioner may require any additional information or submissions from a pharmacy benefits manager that may be reasonably necessary to verify the information contained in the application.

Credits

Added by Acts 2008, c. 201, § 1, eff. Oct. 1, 2008; Acts 2008, c. 202, § 1, eff. Oct. 1, 2008. Amended by Acts 2008, c. 36, § 6, eff. April 8, 2008; Acts 2017, c. 113, § 1, eff. Oct. 1, 2017; Acts 2018, c. 451, § 1, eff. June 1, 2018.
MD Code, Insurance, § 15-1605, MD INSURANCE § 15-1605
Current through legislation effective through April 25, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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