(a) A pharmacy services administrative contract or an amendment to a pharmacy services administrative contract may not become effective unless: (1) at least 60 days before the contract or amendment is to become effective, the pharmacy services administrative organization files the contract or, if required, amendment with the Commissioner in the form required by the Commissioner; and (2) the Commissioner does not disapprove the filing within 60 days after the contract or amendment is filed. (b) Notice from the Commissioner that a filed contract or amendment to a contract may be used in the State constitutes a waiver of any unexpired part of the filing period. (c) The Commissioner shall adopt regulations to: (1) establish the circumstances under which the Commissioner may disapprove a contract; and (2) specify the types of amendments to a contract required to be filed under subsection (a) of this section.
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