1. (a) Subject to the applicable hearing provisions of Title 2 of this article, the Commissioner may deny a registration to a pharmacy benefits manager applicant or refuse to renew, suspend, or revoke the registration of a pharmacy benefits manager if the pharmacy benefits manager, or an officer, director, or employee of the pharmacy benefits manager:

   1. (1) makes a material misstatement or misrepresentation in an application for registration;
   2. (2) fraudulently or deceptively obtains or attempts to obtain a registration;
   3. (3) in connection with the administration of pharmacy benefits management services, commits fraud or engages in illegal or dishonest activities; or
   4. (4) violates any provision of this part or a regulation adopted under this part.
2. (b) This section does not limit any other regulatory authority of the Commissioner under this article.

Added by Acts 2008, c. 201, § 1, eff. Oct. 1, 2008; Acts 2008, c. 202, § 1, eff. Oct. 1, 2008. Amended by Acts 2008, c. 36, § 6, eff. April 8, 2008; Acts 2018, c. 451, § 1, eff. June 1, 2018.