Michigan Compiled Laws
Chapter 550 - General Insurance Laws
Act 11 of 2022 - Pharmacy Benefit Manager Licensure and Regulation Act (550.811.new - 550.845.new)

Section 550.811.new - Short Title. - ***** 550.811.new THIS NEW SECTION IS EFFECTIVE JANUARY 1, 2024...

Section 550.815.new - Definitions; a to I. - ***** 550.815.new THIS NEW SECTION IS EFFECTIVE JANUARY 1, 2024...

Section 550.817.new - Definitions; M to P. - ***** 550.817.new THIS NEW SECTION IS EFFECTIVE JANUARY 1, 2024...

Section 550.819.new - Definitions; R to W. - ***** 550.819.new THIS NEW SECTION IS EFFECTIVE JANUARY 1, 2024...

Section 550.821.new - Pharmacy Benefit Manager; Licensure; Application Requirements; Modification Notice; Grounds for Refusal, Revocation, Denial, or Suspension; Fines; Notice and Hearings; Investigation of Officers, Directors and Owners; Renewal. - ***** 550.821.new THIS NEW SECTION IS EFFECTIVE JANUARY 1, 2024...

Section 550.823.new - Promulgation of Rules. - ***** 550.823.new THIS NEW SECTION IS EFFECTIVE JANUARY 1, 2024...

Section 550.825.new - Contractual Responsibilities; Conflict of Interest; Exception for Certain Audits. - ***** 550.825.new THIS NEW SECTION IS EFFECTIVE JANUARY 1, 2024...

Section 550.827.new - Pharmacy Benefit Manager Network; Report; Waiver; Prohibition on Spread Pricing and Fees for Electronic Processing. - ***** 550.827.new THIS NEW SECTION IS EFFECTIVE JANUARY 1, 2024...

Section 550.829.new - Prohibited Conduct. - ***** 550.829.new THIS NEW SECTION IS EFFECTIVE JANUARY 1, 2024...

Section 550.831.new - Contractual Restrictions and Limitations With Pharmacists or Pharmacies; Disclosure of Costs; Payment at Point of Sale. - ***** 550.831.new THIS NEW SECTION IS EFFECTIVE JANUARY 1, 2024...

Section 550.833.new - Transparency Report; Requirements; Exempt From Freedom of Information Act; Report to Legislature; Inapplicable to Medicaid Contracts. - ***** 550.833.new THIS NEW SECTION IS EFFECTIVE JANUARY 1, 2024...

Section 550.837.new - Maximum Allowable Costs; Pharmacy Benefit Manager Duties. - ***** 550.837.new THIS NEW SECTION IS EFFECTIVE JANUARY 1, 2024...

Section 550.838.new - Authorization to Conduct Audit; Process and Duties; Written Report; Extrapolation Audit Prohibition; Inapplicable to Certain Investigations; Carrier Pharmacy Audits Not Impaired or Superseded. - ***** 550.838.new THIS NEW SECTION IS EFFECTIVE JANUARY 1, 2024...

Section 550.839.new - Retail Pharmacies; Contractual Restrictions and Limitations; Use of Untrue, Deceptive, or Misleading Advertisements; Reversal and Resubmission of Claims; Termination of Pharmacy From Pharmacy Benefit Manager Network; Retaliation... - ***** 550.839.new THIS NEW SECTION IS EFFECTIVE JANUARY 1, 2024...

Section 550.840.new - Enforcement of Act; Examination and Audit. - ***** 550.840.new THIS NEW SECTION IS EFFECTIVE JANUARY 1, 2024...

Section 550.841.new - Contract Compliance; License Requirement. - ***** 550.841.new THIS NEW SECTION IS EFFECTIVE JANUARY 1, 2024...

Section 550.843.new - Retention Schedule; Records, Books, Papers, and Other Data; Destruction or Disposal of Certain Documents Prohibited. - ***** 550.843.new THIS NEW SECTION IS EFFECTIVE JANUARY 1, 2024...

Section 550.845.new - Scope of Act. - ***** 550.845.new THIS NEW SECTION IS EFFECTIVE JANUARY 1, 2024...