§ 40:2865 — General licensing and permitting requirements

§2865. General licensing and permitting requirements
A. Every pharmacy benefit manager that does business in this state or pays for
benefits for a beneficiary through a pharmacy benefit management plan shall be licensed or
permitted as required by this Chapter.
B. No license or permit shall be issued to a pharmacy benefit manager who has not
registered with the Louisiana secretary of state to conduct business within the state.
C. Each license and permit shall be valid only for the applicant listed on the
application.
D.(1) A pharmacy benefit manager license or permit is not transferable.
(2) No license or permit shall be subject to sale, assignment, or other transfer,
voluntary or involuntary.
(3) In the event the ownership of the pharmacy benefit manager changes by fifty
percent or more after the initial issuance of the license or permit, the ownership shall be
deemed sufficiently different as to require a new pharmacy benefit manager license or permit.
(4) The continued operation of a pharmacy benefit manager under a license or permit
issued pursuant to this Chapter after its ownership has changed by fifty percent or more shall
constitute sufficient basis for finding that the pharmacy benefit manager is operating in this
state without a valid license or permit in violation of this Chapter.

Legislative History

Acts 2019, No. 124, §3, eff. July 1, 2020.