New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter XXII
Part 450 - General Provisions
Section 450.2 - Bureau established

Universal Citation: 450 NY Comp Codes Rules and Regs ยง 450.2

Current through Register Vol. 46, No. 39, September 25, 2024

(a) There is hereby established within the department a Pharmacy Benefits Bureau, which bureau shall be responsible for the regulation of pharmacy benefits managers, conducting investigations with respect to prescription drugs, and other matters assigned by the superintendent. Except as may be limited by order of the superintendent, the deputy superintendent of pharmacy benefits shall be authorized to take any action that the superintendent is authorized to take under the Insurance Law or Public Health Law section 280-a, and any action authorized under any other provision of law with respect to investigations authorized under Insurance Law section 111.

(b) All documents submitted to the bureau shall be submitted electronically. The exemption provided for in 11 NYCRR 6.3 shall apply to all such documents as if those documents were specifically set forth in 11 NYCRR 6.2(a).

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