Illinois Compiled Statutes 215 ILCS 5/513b2 – Licensure requirements
Current as of: 2024 | Check for updates
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(a) Beginning on July 1, 2020, to conduct business in this State, a pharmacy benefit manager must register with the Director. To initially register or renew a registration, a pharmacy benefit manager shall submit:
(1) A nonrefundable fee not to exceed $500.
(2) A copy of the registrant’s corporate charter,
(1) A nonrefundable fee not to exceed $500.
Terms Used In Illinois Compiled Statutes 215 ILCS 5/513b2
- State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14
(2) A copy of the registrant’s corporate charter,
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articles of incorporation, or other charter document.
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(3) A completed registration form adopted by the
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Director containing:
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(A) The name and address of the registrant.
(B) The name, address, and official position of
(B) The name, address, and official position of
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each officer and director of the registrant.
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(b) The registrant shall report any change in information required under this Section to the Director in writing within 60 days after the change occurs.
(c) Upon receipt of a completed registration form, the required documents, and the registration fee, the Director shall issue a registration certificate. The certificate may be in paper or electronic form, and shall clearly indicate the expiration date of the registration. Registration certificates are nontransferable.
(d) A registration certificate is valid for 2 years after its date of issue. The Director shall adopt by rule an initial registration fee not to exceed $500 and a registration renewal fee not to exceed $500, both of which shall be nonrefundable. Total fees may not exceed the cost of administering this Section.
(e) The Department shall adopt any rules necessary to implement this Section.
(c) Upon receipt of a completed registration form, the required documents, and the registration fee, the Director shall issue a registration certificate. The certificate may be in paper or electronic form, and shall clearly indicate the expiration date of the registration. Registration certificates are nontransferable.
(d) A registration certificate is valid for 2 years after its date of issue. The Director shall adopt by rule an initial registration fee not to exceed $500 and a registration renewal fee not to exceed $500, both of which shall be nonrefundable. Total fees may not exceed the cost of administering this Section.
(e) The Department shall adopt any rules necessary to implement this Section.