Companies seeking to act as Pharmacy Benefit Managers (PBMs) shall register with the Maryland Insurance Administration as required under Subtitle 15-1604 of the Insurance Article, Annotated Code of Maryland.
In order to register, an applicant shall submit the following in our NEW online portal:
To gain access to the portal please complete the online form for NEW entities only.
The registration term expires on the second September 30 after its effective date.
Once registered, the pharmacy benefit manager is required to apply bi-annually to renew its registration by September 30. The pharmacy benefit manager can renew its registration online within 60 days prior to expiration using our NEW online portal. A registration that is not renewed in a timely manner will be considered to have expired.
In order to renew, an applicant shall submit the following in our NEW online portal:
Application estimated verification time: two to five business days.
Application estimated application determination time: 14 to 30 days.
Estimated length of time to complete application: varies based on size and complexity.
If you have any questions, contact:
Maryland Insurance Administration
Company Licensing Unit
Phone: 410-468-2104
Fax: 410-468-2112
