Ala. Admin. Code r. 482-1-164-.05

Current through Register Vol. 43, No. 02, November 27, 2024

Section 482-1-164-.05 - Compliance

(1) Every pharmacy benefits manager subject to this chapter shall be licensed in accordance with Rule 482-164-.03 and, so long as the pharmacy benefits manager continues to be subject to this chapter, shall complete an application for license renewal in accordance with Rule 482-1-164-.04.

(2) The license of any pharmacy benefits manager failing to complete the application for license renewal as specified in Rule 482-1-164-.04 will expire as indicated in paragraph (6) of Rule 482-1-164-.04.

(3) Any pharmacy benefits manager conducting business in the State of Alabama on or after January 1, 2022, without being licensed in accordance with this chapter in violation of Code of Ala. 1975, § 27-45A-4, as amended by Alabama Act No. 2021-341, shall be subject to a fine in the amount of $1,000 per day of operating in violation of the Law, as authorized in subsection (i) of Code of Ala. 1975, § 27-45A-4, as amended by Alabama Act No. 2021-341.

(4) Any licensee violating any provision of the Law, including, but not limited to, §§ 27-45A-8, 27-45A-9, 27-45A-10, and 27-45A-l 1, may be subject to a civil penalty, or the license may be suspended or revoked, as provided in subsection (i) of §27-45A4, as amended by Alabama Act No. 2021-341. Licensees may request a hearing in accordance with §§ 27-2-28, et seq., and according to the rules set forth in Chapter 482-1-065 and may appeal as set forth in § 27-2-32.

Ala. Admin. Code r. 482-1-164-.05

Adopted by Alabama Administrative Monthly Volume XXXVIII, Issue No. 02, November 29, 2019, eff. 1/1/2020. Filed with LSA November 7, 2019. Rule is not subject to the Alabama Administrative Procedure Act.

Amended by Alabama Administrative Monthly Volume XL, Issue No. 01, October 29, 2021, eff. 1/1/2022. Published with LSA October 29, 2021. Rule is not subject to the Alabama Administrative Procedure Act.

Author: Commissioner of Insurance

Statutory Authority:Code of Ala. 1975, §§ 27-2-17, 27-45A-4, 27-45A-5, Act 2021-341, Ala. Act 2019-457.