19.340.030 Pharmacy benefit managers—Registration

19.340.030 Pharmacy benefit managers—Registration—Renewal.

WA Rev Code § 19.340.030 (2019) (N/A)

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RCW 19.340.030 Pharmacy benefit managers—Registration—Renewal.

(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.

[ 2016 c 210 § 1; 2014 c 213 § 2.]

NOTES:

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

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19.340.020 Definitions applicable to RCW 19.340.040 through 19.340.090.

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19.340.040 Auditing of claims—Requirements—Prohibited practices.