19.340.020  <<  19.340.030 >>   19.340.040

Pharmacy benefit managersRegistrationRenewal. (Effective until January 1, 2022.)

(1) To conduct business in this state, a pharmacy benefit manager must register with the office of the insurance commissioner and annually renew the registration.
(2) To register under this section, a pharmacy benefit manager must:
(a) Submit an application requiring the following information:
(i) The identity of the pharmacy benefit manager;
(ii) The name, business address, phone number, and contact person for the pharmacy benefit manager; and
(iii) Where applicable, the federal tax employer identification number for the entity; and
(b) Pay a registration fee established in rule by the commissioner. The registration fee must be set to allow the registration and oversight activities to be self-supporting.
(3) To renew a registration under this section, a pharmacy benefit manager must pay a renewal fee established in rule by the commissioner. The renewal fee must be set to allow the renewal and oversight activities to be self-supporting.
(4) All receipts from registrations and renewals collected by the commissioner must be deposited into the insurance commissioner's regulatory account created in RCW 48.02.190.

NOTES:

Effective date2016 c 210 § 1: "Section 1 of this act takes effect January 1, 2017." [ 2016 c 210 § 8.]
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