- (1) A person may not transact business or purport to transact business in this state as a pharmacy benefit manager unless the person has a license to transact business as a pharmacy benefit manager issued by the Department of Consumer and Business Services.
(2) To obtain a license under this section, a person must:
- (a) Submit an application to the department on a form prescribed by the department by rule.
- (b) Pay a fee in an amount adopted by the department by rule.
- (3) A license to transact business as a pharmacy benefit manager must be renewed every 12 months. To renew a license under this subsection, a pharmacy benefit manager must pay a renewal fee in an amount adopted by the department by rule.
- (4) The department shall deposit all moneys collected under this section into the Consumer and Business Services Fund created in ORS 705.145.
- (5) Any fee adopted by the department under this section must be sufficient to pay the department’s reasonable costs in administering ORS 735.530 to 735.552.
Note: See note under 735.530.
[2013 c.570 §3; 2017 c.73 §3; 2024 c.87 §4]