Section 3145.10  Purpose and Scope

 

The purposes of this Part are to establish registration requirements for pharmacy benefit managers and to establish initial and renewal registration fees.

 

Section 3145.20  Registration

 

a)         All pharmacy benefit managers doing business in this State shall register with the Director of Insurance (Director). Each applicant for registration shall:

 

1)         Make application for registration through the National Insurance Producer Registry (NIPR) at www.nipr.com;

 

2)         Place a copy of its corporate charter, articles of incorporation, or other charter documents in the NIPR attachment warehouse;

 

3)         Place in the attachment warehouse the name, address and official position of each officer and director of the registration; and

 

4)         Pay the fee established by Section 3145.30.

 

b)         Initial and renewal registrations are valid for a period of 2 years.

 

Section 3145.30  Registration and Renewal Fee

 

Each pharmacy benefit manager doing business in this State shall pay a registration fee of $500.00 on the initial application for registration and biennially thereafter on or before its expiration date, as long as the registration remains active.

 

(Source:  Adopted at 44 Ill. Reg. 10123, effective May 29, 2020; expedited correction at 45 Ill. Reg. 8517, effective May 29, 2020)