Oregon Revised Statutes Chapter 735 § 735.533 — Denial, suspension or revocation of license to transact business as pharmacy
Oregon Revised Statutes Chapter 735 ·
Oregon Code § 735.533·Enacted ·Last updated March 01, 2026
Statute Text
Denial, suspension or revocation of license to transact business as pharmacy
benefit manager; basis; complaint; rules.
(1) In accordance with ORS chapter 183, the
Department of Consumer and Business Services may deny an application for a
license to transact business as a pharmacy benefit manager or deny an
application for renewal of a license to transact business as a pharmacy benefit
manager, and may suspend or revoke a license to transact business as a pharmacy
benefit manager, if the department finds that an applicant or licensee:
(a) Falsified an
application for a license or for the renewal of a license or engaged in any
dishonest act in relation to the application;
(b) Engaged in
dishonesty, fraud or gross negligence in the conduct of business as a pharmacy
benefit manager;
(c) Engaged in
conduct that resulted in a conviction of a felony under the laws of any state
or of the United States, to the extent that such conduct may be considered
under ORS 670.280;
(d) Was convicted
under the laws of any state or of the United States of any crime of which an
essential element is dishonesty or fraud;
(e) Had a
certificate of authority or authority to conduct business as a pharmacy benefit
manager denied, revoked or suspended in another state;
(f) Failed to pay
a civil penalty imposed by final order of the department or to comply with the
terms of suspension set by the department;
(g) Failed to
meet the terms of a consent decree approved by a court of competent
jurisdiction in this state, or a consent order made between the department and
the pharmacy benefit manager;
(h) Refused to be
examined or to produce accounts, records or files for examination, including
the refusal by any officer of the applicant or licensee to give information
with respect to the affairs of the pharmacy benefit manager, or refused to
perform any other legal obligation with respect to an examination by the
department; or
(i) Violated any
provision of the Insurance Code, any rule adopted by the department pursuant to
the Insurance Code or any order of the department.
(2) The
department may prescribe by rule a procedure by which a pharmacy or an entity
acting on behalf of a pharmacy may file a complaint with the department
alleging that a pharmacy benefit manager has engaged in conduct in violation of
ORS 735.530 to 735.552. The department may restrict the right of a pharmacy or
entity to file a complaint only to the extent necessary to prevent abuse of the
complaint process. [2017 c.73 §2; 2024 c.87 §5]
Note:
See note under 735.530.
Plain English Explanation
This Oregon statute addresses Denial, suspension or revocation of license to transact business as pharmacy
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 735.533
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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