§ 15-1607. Denials, suspensions, revocations, and refusals to renew.

   (a) In general. -- Subject to the 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) makes a material misstatement or misrepresentation in an application for registration;

   (2) fraudulently or deceptively obtains or attempts to obtain a registration;

   (3) in connection with the administration of pharmacy benefits management services, commits fraud or engages in illegal or dishonest activities; or

   (4) violates any provision of this part or a regulation adopted under this part.

(b) Effect of section. -- This section does not limit any other regulatory authority of the Commissioner under this article.

HISTORY: 2008, ch. 36, § 6; chs. 201, 202.