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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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INSURANCE |
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TITLE 15. HEALTH INSURANCE |
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SUBTITLE 16. PHARMACY BENEFITS MANAGERS |
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PART II. REGISTRATION AND REGULATION OF PHARMACY BENEFITS MANAGERS |
§ 15-1608. Books and records.
Latest version.
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A pharmacy benefits manager shall maintain adequate books and records about each purchaser for which the pharmacy benefits manager provides pharmacy benefits management services:
(1) in accordance with prudent standards of record keeping;
(2) for the duration of the agreement between the pharmacy benefits manager and the purchaser; and
(3) for 3 years after the pharmacy benefits manager ceases to provide pharmacy benefits management services for the purchaser.