N.J. Admin. Code § 11:4-62.5

Current through Register Vol. 56, No. 24, December 18, 2024

Section 11:4-62.5 - Certification of compliance

(a) All pharmacy benefits managers shall file a certification with the Department in the form of N.J.A.C. 11:4-62 Appendix Exhibit A, which is incorporated herein by reference, attesting that all pharmacy benefits contracts executed or renewed between the pharmacy benefits manager and all contracted pharmacies located in this State comply with the requirements set forth in N.J.S.A. 17B:27F-1 et seq., and this subchapter. Such certification shall be filed with the Department no later than February 1, 2018, or within 30 days of commencing business as a pharmacy benefits manager, with respect to any existing and future contracts. Certifications shall be mailed to:

New Jersey Department of Banking and Insurance

Office of Life and Health

20 West State St.

PO Box 325

Trenton, NJ 08625-0325

(b) For purposes of this section, if no renewal date is specified in the contract between a pharmacy benefits manager and a contracted pharmacy, such contract shall be deemed to renew at such time that there is change in any substantive term of the contract.

N.J. Admin. Code § 11:4-62.5

Adopted by 50 N.J.R. 198(b), effective 1/2/2018