AUTHORITY: Implementing Article XXXIIB, and authorized by Sections 401 and 513b2(e) of the Illinois Insurance Code [215 ILCS 5].DEPARTMENT OF INSURANCE
a) All pharmacy benefit managers doing business in this State shall register with the Director of Insurance (Director). Each applicant for registration shall:
1) Make application for registration through the National Insurance Producer Registry (NIPR) at www.nipr.com;
2) Place a copy of its corporate charter, articles of incorporation, or other charter documents in the NIPR attachment warehouse;
3) Place in the attachment warehouse the name, address and official position of each officer and director of the registration; and
4) Pay the fee established by Section 3145.30.
b) Initial and renewal registrations are valid for a period of 2 years.