North Dakota Code 26.1-27.1-03 – Disclosure requirements
Current as of: 2023 | Check for updates
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1. A pharmacy benefits manager shall disclose to the commissioner any ownership interest of any kind with:
Terms Used In North Dakota Code 26.1-27.1-03
- Organization: includes a foreign or domestic association, business trust, corporation, enterprise, estate, joint venture, limited liability company, limited liability partnership, limited partnership, partnership, trust, or any legal or commercial entity. See North Dakota Code 1-01-49
a. Any insurance company responsible for providing benefits directly or through reinsurance to any plan for which the pharmacy benefits manager provides services.
b. Any parent company, subsidiary, or other organization that is related to the provision of pharmacy services, the provision of other prescription drug or device services, or a pharmaceutical manufacturer.
2. A pharmacy benefits manager shall notify the commissioner in writing within five business days of any material change in the pharmacy benefits manager’s ownership.