2020 Wisconsin Statutes & Annotations
Chapter 633. Employee benefit plan administrators, principals, and pharmacy benefit managers.
633.13 License required.
633.13 License required.
(1) General. Except as provided in sub. (2), a person may not perform, offer to perform or advertise any service as an administrator or a pharmacy benefit manager unless the person has obtained a license under s. 633.14. A pharmacy benefit manager that also performs services as an administrator need only obtain an administrator license under s. 633.14.
NOTE: Sub. (1) is shown as amended eff. 1-1-22 by 2021 Wis. Act 9. Prior to 1-1-22 it reads:
(2) Exemptions. The commissioner may exempt by rule certain classes of administrators from the requirement of sub. (1) if the commissioner determines any of the following:
(a) That the functions that the administrators perform do not require special competence or trustworthiness or otherwise do not require the regulatory surveillance of a licensing requirement.
(b) That other safeguards make a licensing requirement unnecessary.
(3) Responsibilities of principal. A principal may not use the services of an administrator unless the administrator furnishes proof of licensure under s. 633.14 or exemption under sub. (2). An insurer or a self-insured health plan may not use the services of a pharmacy benefit manager unless the pharmacy benefit manager furnishes proof of licensure under s. 633.14.
NOTE: Sub. (3) is shown as amended eff. 1-1-22 by 2021 Wis. Act 9. Prior to 1-1-22 it reads:
History: 1991 a. 39; 2021 a. 9.