Ala. Admin. Code r. 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.
Notes
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.
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