Md. Code Regs. 31.10.50.02

Current through Register Vol. 51, No. 21, October 18, 2024

Section 31.10.50.02 - Definitions

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.

Md. Code Regs. 31.10.50.02

Regulation .02 adopted effective 49:26 Md. R. 1081, eff. 12/26/2022