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:
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. A registration that is not renewed in a timely manner will be considered to have expired.
The renewal process can be completed online without attaching any other paperwork. You will be required to pay the renewal fee totaling $5,000 using a Visa, Mastercard, Discover, American Express or eCheck. There is no extra charge for renewing online. If you renew by credit card, the charge on your statement will be shown as "Maryland Insurance Administration".
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.
How to Renew Your Certificate of Authority Online
You will enter your MIA User ID and passward that was previously provided to you. Each company is associated with a unique UserID. The system will not allow you to renew more than one company using the same UserID.
- If you fail to complete all required fields, you will not be able to continue with your online renewal, and you will get an error message.
- Before submitting your credit card or eCheck information, be sure you review the information to ensure that is correct.
- Be sure to print the confirmation screen for your records. This will be your proof of renewal.
If you are unable to renew online, please submit the following:
If you have any questions, contact:
Maryland Insurance Administration
Company Licensing Unit
Phone: 410-468-2104
Fax: 410-468-2112
Email: colicensing.mia@maryland.gov
Documents and fees should be submitted to:
Maryland Insurance Administration
Company Licensing Unit
200 St. Paul Place, Suite 2700
Baltimore, MD 21202
