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Code · Kansas · Chapter 40 — Insurance

40-3828a. Denial, revocation or limitation of license.

231 words·~1 min read·/ks/chapter-40/40-3828a

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40-3828a. Denial, revocation or limitation of license.
(a)A pharmacy benefits manager's license may be revoked, suspended or limited, the licensee may be censured or placed under probationary conditions or an application for a license or for reinstatement of a license may be denied upon a finding that the:
(1)Applicant or licensee committed fraud or misrepresentation in applying for or securing an original, renewal or reinstated license;
(2)licensee has violated any lawful rule or regulation promulgated by the commissioner or violated any lawful order or directive of the commissioner previously entered by the commissioner;
(3)pharmacy benefits manager has engaged in fraudulent activity that constitutes a violation of state or federal law;
(4)licensee has failed to furnish any information legally requested by the commissioner to the commissioner or the commissioner's investigators or representatives;
(5)pharmacy benefits manager has been determined by the commissioner to be in violation of or noncompliance with state or federal law; or
(6)pharmacy benefits manager has failed to timely submit a renewal application and the information required under K.S.A. 40-3824 , and amendments thereto. In lieu of a denial of a renewal application, the commissioner may permit the pharmacy benefits manager to submit to the commissioner a corrective action plan to correct or cure any deficiencies.
(b)This section shall be a part of and supplemental to the pharmacy benefits manager licensure act.
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