Requiring and providing for certification of pharmacy benefits managers by the commissioner of commerce, defining pharmacy benefits manager and specifying certain certificate of authority application requirements; authorizing the commissioner to establish and assess fees for the certificates; specifying certain pharmacy benefits manager disclosure requirements relating to payments received, providing for commissioner examination of records under certain violation determination conditions; authorizing commissioner revocation, suspension, denial or restriction of certificates of authority for violations, information disclosed to be considered a trade secret; requiring certain disclosures upon request of covered entities; regulating drug substitutions by pharmacy benefits managers; severability clause
(ra)