Pennsylvania Statutes Title 40 P.S. Insurance § 4521. PBM and auditing entity registration

(1) The identity, address and telephone number of the applicant.

(2) The name, business address and telephone number of the contact person for the applicant.

(3) When applicable, the Federal employer identification number for the applicant.

(1) The term of registration shall be two years from the date of issuance.

(2) The department shall set an initial application fee and a renewal application fee, which shall be submitted with an application for registration. An initial application fee shall be nonrefundable. A renewal application fee shall be returned if the renewal of the registration is not granted.

(3) The amount of the initial application fee and renewal application fee shall be sufficient to fund the department's duties in relation to its responsibilities under this chapter but may not exceed $1,000.

(1) The department shall issue a registration, as appropriate, to an applicant when the department determines that the applicant has submitted a completed application and paid the required registration fee.

(2) The registration may be in paper or electronic form, shall be nontransferable and shall prominently list the expiration date of the registration.

(1) A licensed insurer or a managed care plan with a certificate of authority shall comply with the standards and procedures of this act but shall not be required to separately register as either a PBM or auditing entity.

(2) A PBM that is registered under this chapter shall comply with the standards and procedures of this act but shall not be required to register separately as an auditing entity.