N.Y. Comp. Codes R. & Regs. tit. 11 § 452.1

Current through Register Vol. 46, No. 50, December 11, 2024

Section 452.1 - Application

(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.

N.Y. Comp. Codes R. & Regs. Tit. 11 § 452.1

Adopted New York State Register July 12, 2023/Volume XLV, Issue 28, eff. 7/12/2023