2013 Maryland Code
INSURANCE
§ 15-1605 - Expiration; renewal.


MD Ins Code § 15-1605 (2013) What's This?

§15-1605.

(a) A pharmacy benefits manager registration expires on the anniversary date that occurs on the date 2 years following the date the Commissioner issued the registration, unless it is renewed as provided under this section.

(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.

(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.

(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.

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