Regulation .05 Use of Noncompliant Contract or Amendment.
Regulation .05 Use of Noncompliant Contract or Amendment.LinkCopy Citation
A.
If a PBM uses a contract form or amendment form which becomes effective and the contract form or amendment form is subsequently found by the Commissioner to be noncompliant, the Commissioner may:
(1)
Issue an order that:
(a)
Gives notice of the disapproval;
(b)
States a reason for the disapproval; and
(c)
States the effective date of the disapproval in the notice; and
(2)
Impose a penalty as provided under Insurance Article, §15-1642, Annotated Code of Maryland.
B.
An order under this regulation is subject to a hearing under Insurance Article, §2-210, Annotated Code of Maryland.
C.
A request for a hearing under this regulation does not stay that portion of the order that requires a PBM to cease and desist from the conduct identified in the order.