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.
Structure Maryland Statutes
Subtitle 16 - Pharmacy Benefits Managers
Part II - Registration and Regulation of Pharmacy Benefits Managers
Section 15-1604 - Registration
Section 15-1605 - Expiration; Renewal
Section 15-1606 - Agreements With Unregistered Pharmacy Benefits Managers Prohibited
Section 15-1607 - Denials, Suspensions, Revocations, and Refusals to Renew
Section 15-1608 - Books and Records
Section 15-1609 - Examinations
Section 15-1610 - Delivery Through Nonresident Pharmacies
Section 15-1611 - Information on and Sales of Prescription Drugs
Section 15-1611.1 - Choice of Pharmacy by Beneficiary to Fill Prescription
Section 15-1612 - Reimbursement for Pharmaceutical Product or Pharmacist Service