Certificate of Registration Required by Operator of Discount Drug Plan — Application

1. Law
2. Tennessee Code
3. Insurance
4. Volunteer Rx
5. Certificate of Registration Required by Operator of Discount Drug Plan — Application

1. An operator of a prescription drug discount plan must obtain a valid certificate of registration from the commissioner. The certificate shall be valid for one (1) year from the date of issuance. In order to receive a valid certificate of registration, the operator shall file an application on a form adopted by the commissioner, and provide or demonstrate to the commissioner each of the following:
   1. The name and principal place of business of the operator;
   2. A copy of the operator's promotional materials that are distributed to prospective members;
   3. A list of drugs and drug classifications that make up the drug discount plan, or a notation that the plan is an open formulary; and
   4. The name and address of the agent in this state for service of process.
2. Notwithstanding any law to the contrary, it shall be unlawful and a violation of this chapter for any operator, after August 1, 2005, to sell, market, promote, advertise or otherwise distribute a prescription drug discount plan in Tennessee without first complying with the registration provisions of this chapter, and complying with §§ 47-18-2701 and 47-18-2702.

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