§ 633.13 — License required.

Wisconsin § 633.13

• Jurisdiction: Wisconsin
• Ch. 633: Employee benefit plan administrators, principals, and pharmacy benefit managers

Text

633.13
633.13(1) (1) General. Except as provided in sub. (2) , a person may not perform, offer to perform or advertise any service as an administrator or a pharmacy benefit manager unless the person has obtained a license under s. 633.14 . A pharmacy benefit manager that also performs services as an administrator need only obtain an administrator license under s. 633.14 .
633.13(2) (2) Exemptions. The commissioner may exempt by rule certain classes of administrators from the requirement of sub. (1) if the commissioner determines any of the following:
633.13(2)(a) (a) That the functions that the administrators perform do not require special competence or trustworthiness or otherwise do not require the regulatory surveillance of a licensing requirement.
633.13(2)(b) (b) That other safeguards make a licensing requirement unnecessary.
633.13(3) (3) Responsibilities of principal. A principal may not use the services of an administrator unless the administrator furnishes proof of licensure under s. 633.14 or exemption under sub. (2) . An insurer or a self-insured health plan may not use the services of a pharmacy benefit manager unless the pharmacy benefit manager furnishes proof of licensure under s. 633.14 .

Legislative History

633.13 History History: 1991 a. 39 ; 2021 a. 9 .