New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter XXII
Part 452 - General Duties, Accountability, and Transparency Provision For Pharmacy Benefit Managers
Section 452.1 - Application

Universal Citation: 452 NY Comp Codes Rules and Regs ยง 452.1

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

(a) Pursuant to the authority granted to the superintendent by Public Health Law section 280-a(2)(g) to make regulations defining, limiting, and relating to the duties, obligations, requirements, and other provisions relating to pharmacy benefit managers under Public Health Law section 280-a(2), the duties, obligations, and requirements contained in Public Health Law section 280-a(2)(b), (c), (d), and (e) shall be applied as set forth in this Part.

(b) Safe Harbor. Each pharmacy benefit manager shall come into compliance with the provisions of this Part by December 31, 2023, provided, however, that no application for licensure under Insurance Law section 2906 submitted on or before December 31, 2023 shall be accepted by the superintendent unless the pharmacy benefit manager certifies that it is in compliance with the provisions of this Part.

(c) A pharmacy benefit manager may submit the information and documents requested under this Part electronically to the health plan to an email address provided by the health plan for purposes of this Part.

Disclaimer: These regulations may not be the most recent version. New York 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.