N.Y. Insurance Law § 2905: Acting without a license

§ 2905. Acting without a license. (a) No person, firm, association,

corporation or other entity may act as a pharmacy benefit manager on or

after January first, two thousand twenty-four without having authority

to do so by virtue of a license issued in force pursuant to the

provisions of this article.

(b) Any person, firm, association, corporation or other entity that

violates this section shall, in addition to any other penalty provided

by law, be liable for restitution and compensatory damages to any health

plan, pharmacy, covered individual or other person harmed by the

violation and further shall be subject to a penalty not exceeding the

greater of (1) four thousand dollars for the first violation and ten

thousand dollars for each subsequent violation or (2) the aggregate

economic gross receipts attributable to all violations, as determined by

the superintendent at a hearing.