Code of Maryland Regulations
Title 31 - MARYLAND INSURANCE ADMINISTRATION
Subtitle 10 - HEALTH INSURANCE-GENERAL
Chapter 31.10.50 - Filing of PSAO Contracts and Amendments
Section 31.10.50.02 - Definitions

Universal Citation: MD Code Reg 31.10.50.02

Current through Register Vol. 51, No. 19, September 20, 2024

A. In this chapter, the following terms have the meanings indicated.

B. Terms Defined.

(1) "Commissioner" means the Maryland Insurance Commissioner.

(2) "Contracted pharmacy" means an independent pharmacy in a contract with a pharmacy services administrative organization.

(3) "Independent pharmacy" has the meaning stated in Insurance Article, § 15-2001(b), Annotated Code of Maryland.

(4) "Noncompliant" means a contract or amendment that is not in compliance with Maryland statutes and regulations.

(5) "Pharmacy benefits manager (PBM)" has the meaning stated in Insurance Article, § 15-1601, Annotated Code of Maryland.

(6) "Pharmacy services administrative contract" has the meaning stated in Insurance Article, § 15-2001(d), Annotated Code of Maryland.

(7) "Pharmacy services administrative organization" or "PSAO" has the meaning stated in Insurance Article, § 15-2001(e), Annotated Code of Maryland.

Disclaimer: These regulations may not be the most recent version. Maryland may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.