Iowa § 510B.10 Enforcement

Iowa Statutes

§ 510B.10 — Enforcement

Iowa § 510B.10

Title XIIICOMMERCE

Ch. 510BREGULATION OF PHARMACY BENEFITS MANAGERS

This text of Iowa § 510B.10 (Enforcement) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 510B.10 (2026).

Text

1.The commissioner may take any enforcement action under the commissioner’s authority to enforce compliance with this chapter.

2.After notice and hearing, the commissioner may issue any order or impose any penalty pursuant to section 507B.7, and may suspend or revoke a pharmacy benefits manager’s certificate of registration as a third-party administrator upon a finding that the pharmacy benefits manager violated this chapter, or any applicable requirements pertaining to third-party administrators under chapter 510.

3.A pharmacy benefits manager shall be subject to the commissioner’s authority to conduct an examination pursuant to chapter 507.

4.A pharmacy benefits manager is subject to the commissioner’s authority to conduct a proceeding pursuant to chapter 507B. The procedures set for

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1. The commissioner may take any enforcement action under the commissioner’s
authority to enforce compliance with this chapter.
2. After notice and hearing, the commissioner may issue any order or impose any penalty
pursuant to section 507B.7, and may suspend or revoke a pharmacy benefits manager’s
certificate of registration as a third-party administrator upon a finding that the pharmacy
benefits manager violated this chapter, or any applicable requirements pertaining to
third-party administrators under chapter 510.
3. A pharmacy benefits manager shall be subject to the commissioner’s authority to
conduct an examination pursuant to chapter 507.
4. A pharmacy benefits manager is subject to the commissioner’s authority to conduct a
proceeding pursuant to chapter 507B. The procedures set forth in chapter 507B regarding
proceedings shall apply to a proceeding related to a pharmacy benefits manager under this
chapter.
5. A pharmacy benefits manager is subject to the commissioner’s authority to conduct
9 REGULATION OF PHARMACY BENEFITS MANAGERS, §510B.12
an examination, audit, or inspection pursuant to chapter 510 for third-party administrators.
The procedures set forth in chapter 510 for third-party administrators shall apply to an
examination, audit, or inspection of a pharmacy benefits manager under this chapter.
6. If the commissioner conducts an examination of a pharmacy benefits manager under
chapter 507; a proceeding under chapter 507B; or an examination, audit, or inspection
under chapter 510, all information received from the pharmacy benefits manager, and all
notes, work papers, or other documents related to the examination, proceeding, audit, or
inspection shall be confidential records pursuant to chapter 22 and shall be accorded the
same confidentiality as notes, work papers, investigatory materials, or other documents
related to the examination of an insurer as provided in section 507.14.
7. A violation of this chapter shall be an unfair or deceptive act or practice in the business
of insurance pursuant to section 507B.4, subsection 3.