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North Dakota Century Code Title 26.1. Insurance § 26.1-27.1-09. Administrative penalties

Current as of January 01, 2024 | Updated by Findlaw Staff

1. A pharmacy benefits manager found to be in violation of this chapter or any rules adopted under this chapter is subject to:

a. A monetary penalty of up to ten thousand dollars per violation;

b. Suspension or revocation of license; and

c. A civil penalty of up to fifty thousand dollars for a second or subsequent violation.

2. The commissioner may require a pharmacy benefits manager to provide restitution to affected covered entities, pharmacies, or individuals for losses incurred as a result of the violation.

3. A pharmacy benefits manager subject to penalties under this section is entitled to a hearing conducted in accordance with chapter 28-32.

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Cite this article: FindLaw.com - North Dakota Century Code Title 26.1. Insurance § 26.1-27.1-09. Administrative penalties - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-26-1-insurance/nd-cent-code-sect-26-1-27-1-09/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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