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This entry was published on 2022-03-04
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Acting without a license
Insurance (ISC) CHAPTER 28, ARTICLE 29
§ 2905. Acting without a license. (a) No person, firm, association,
corporation or other entity may act as a pharmacy benefit manager on or
after January first, two thousand twenty-four without having authority
to do so by virtue of a license issued in force pursuant to the
provisions of this article.

(b) Any person, firm, association, corporation or other entity that
violates this section shall, in addition to any other penalty provided
by law, be liable for restitution and compensatory damages to any health
plan, pharmacy, covered individual or other person harmed by the
violation and further shall be subject to a penalty not exceeding the
greater of (1) four thousand dollars for the first violation and ten
thousand dollars for each subsequent violation or (2) the aggregate
economic gross receipts attributable to all violations, as determined by
the superintendent at a hearing.