New York Laws
Article 29 - Pharmacy Benefit Managers
2903 - Registration Requirements for Pharmacy Benefit Managers.

(b) For each business entity, the officer or officers and director or
directors named in the application shall be designated responsible for
the business entity's compliance with the financial services and
insurance laws, rules and regulations of this state.
(c) Every registration will expire on December thirty-first, two
thousand twenty-three regardless of when registration was first made.
(d) Every pharmacy benefit manager that performs pharmacy benefit
management services at any time prior to June first, two thousand
twenty-two, shall make the registration and fee payment required by
subsection (a) of this section on or before June first, two thousand
twenty-two. Any other pharmacy benefit manager shall make the
registration and fee payment required by subsection (a) of this section
prior to performing pharmacy benefit management services.
(e) Registrants under this section shall be subject to examination by
the superintendent as often as the superintendent may deem it necessary.
The superintendent may promulgate regulations establishing methods and
procedures for facilitating and verifying compliance with the
requirements of this article and such other regulations as necessary to
enforce the provisions of this article.