Alabama Administrative Code
Title 482 - ALABAMA DEPARTMENT OF INSURANCE
Chapter 482-1-164 - PHARMACY BENEFIT MANAGERS
Section 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.