La. Admin. Code tit. 46 § LIII-3003
Current through Register Vol. 50, No. 9, September 20, 2024
Section LIII-3003 - Pharmacy Benefit Manager PermitA. A pharmacy benefit manager, as defined at R.S. 40:2863, shall obtain and maintain a pharmacy benefit manager permit from the board prior to conducting business in Louisiana if it administers, develops, maintains, performs, or provides one or more of the pharmacy services enumerated in R.S. 40:2868 in the state or that affects one or more beneficiaries of a pharmacy benefit management plan, as defined at R.S. 40:2863, administered by the pharmacy benefit manager.B. A pharmacy benefit manager permit shall authorize the permit holder to administer pharmacy benefit management services.C. The board shall not issue a pharmacy benefit manager permit to any person or other entity which has not yet registered with the Louisiana Secretary of State to conduct business within the state.D. A pharmacy benefit manager permit is not transferable from the original owner. The permit shall not be subject to sale, assignment or other transfer, voluntary or involuntary. Moreover, in the event the ownership of the pharmacy benefit manager changes by 50 percent or more after the initial issuance of the permit, the ownership will be deemed sufficiently different as to require a new pharmacy benefit manager permit. The continued operation of a pharmacy benefit manager permit after its ownership has changed by 50 percent or more shall constitute sufficient basis for the board to issue a finding for the operation of a pharmacy benefit manager without a valid permit, in violation of R.S. 40:2865.La. Admin. Code tit. 46, § LIII-3003
Promulgated by the Department of Health, Board of Pharmacy, LR 47591 (5/1/2021), Amended LR 491556 (9/1/2023).AUTHORITY NOTE: Promulgated in accordance with R.S. 37:1253.