(a) A licensed pharmacy benefits manager shall notify the director in writing not later than 30 days after (1) a change in the information contained within the licensee's license, place of business, electronic mailing address, physical mailing address, or telephone number;
(2) a change in compliance officer, residence, place of business, mailing address, or telephone number;
(3) the final disposition of an administrative action taken against the licensee by a governmental agency of another state, by a governmental agency of another jurisdiction, or by a financial industry regulatory authority sanction or arbitration proceeding; in addition, a licensee shall submit to the director documents relating to the final disposition on, including the final order and other relevant legal documents in, the action; or
(4) a conviction of a misdemeanor or felony of the pharmacy benefits manager, its officers, designated compliance officer, directors, partners, or owners.
(b) Failure to provide the information required under this section within 30 days is cause for denial, revocation, or suspension of license.