Ala. Admin. Code r. 482-1-164-.07

Current through Register Vol. 42, No. 10, July 31, 2024

Section 482-1-164-.07 - Transitory Provisions

(1) In order to accommodate the provisions of Section 4 of Alabama Act No. 2021-341 providing a transition from pharmacy benefits managers licensed prior to January 1, 2022, all licensees issued a pharmacy benefits manager license prior to January 1, 2022, must submit a new application for pharmacy benefits manager license in accordance with Rule 482-1-164-.03.

(2) Any pharmacy benefits license issued prior to January 1, 2022, expires in accordance with Section 4 of Alabama Act No. 2021-341 on the earlier of:

(3) The date a new pharmacy benefits manager license is issued April 1, 2022.

Ala. Admin. Code r. 482-1-164-.07

Adopted by Alabama Administrative Monthly Volume XL, Issue No. 01, October 29, 2021, eff. 1/1/2022. Published with LSA October 29, 2021. Rule is not subject to the Alabama Administrative Procedure Act.

Author: Commissioner of Insurance

Statutory Authority:Code of Ala. 1975, §§ 27-2-17, 27-45A-4, 27-45A-5, Act 2021-341, Ala. Act 2019-457.