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: Issue an order that: Gives notice of the disapproval; States a reason for the disapproval; and States the effective date of the disapproval in the notice; and Impose a penalty as provided under Insurance Article, §15-1642, Annotated Code of Maryland. An order under this regulation is subject to a hearing under Insurance Article, §2-210, Annotated Code of Maryland. 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.