(a) Each pharmacy services administrative organization shall disclose to the Commissioner the extent of any ownership or control of the pharmacy services administrative organization by any parent company, subsidiary, or other organization that:
(1) provides pharmacy services;
(2) provides prescription drug or device services; or
(3) manufactures, sells, or distributes prescription drugs, biologics, or medical devices.
(b) Each pharmacy services administrative organization shall notify the Commissioner in writing within 5 working days after any material change in its ownership or control relating to any company, subsidiary, or other organization described under subsection (a) of this section.
Structure Maryland Statutes
Subtitle 20 - Pharmacy Services Administrative Organizations
Section 15-2002 - Registration as Pharmacy Services Administrative Organization -- Requirements
Section 15-2003 - Expiration or Renewal of Registration
Section 15-2004 - Registration Prerequisite to Agreements or Contracts
Section 15-2005 - Basis of Denial of Registration or Suspension or Revocation
Section 15-2006 - Recordkeeping Requirements
Section 15-2007 - Review by Commissioner -- Expense
Section 15-2008 - Adoption of Regulations
Section 15-2009 - Review Authority Not Diminished
Section 15-2010 - Filing of Contract or Amendment to Contract
Section 15-2012 - Disclosure of Ownership or Control to Commissioner -- Notification of Changes
Section 15-2015 - Timely Submission of Remittances
Section 15-2016 - Certain Contractual Requirements Prohibited -- Certain Disclosures to Commissioner
Section 15-2017 - Confidentiality of Disclosures