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IL SB3059

Bill

Official Source

Status

Failed

1/13/2021

Primary Sponsor

Andy Manar

Click for details

Origin

Senate

101st General Assembly

AI Summary

  • Amends the Illinois Insurance Code Section 513b2 regarding pharmacy benefit manager licensure requirements
  • Makes a technical change by removing duplicate language ("the") in the registration requirement that pharmacy benefit managers must register with the Director beginning July 1, 2020
  • Maintains existing registration requirements including a nonrefundable fee not to exceed $500, corporate charter documentation, and completed registration forms with business and officer information
  • Keeps existing provisions that registration certificates are valid for 2 years, are nontransferable, and that registrants must report changes in required information within 60 days

Legislative Description

REGULATION-TECH

Last Action

Session Sine Die

1/13/2021

Committee Referrals

Assignments2/5/2020

Full Bill Text

No bill text available