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The Legislative Service Commission staff updates the Revised Code on an ongoing basis, as it completes its act review of enacted legislation. Updates may be slower during some times of the year, depending on the volume of enacted legislation.

Section 3957.12

Ohio Revised Code
/
Title 39 Insurance
/
Chapter 3957 Home Warranty Companies
 
Section 3957.12 is not yet in effect. It takes effect June 30, 2026.
Effective:
June 30, 2026
Latest Legislation:
House Bill 229 - 136th General Assembly
PDF:
Download Authenticated PDF
 

(A) On and after July 1, 2027, no pharmacy benefit manager shall do any of the following:

(1) Use plan sponsor funds for any purpose not specifically set forth in writing by the pharmacy benefit manager;

(2) Fail to disclose in written solicitation materials and at least once annually to contracted plan sponsors any ownership relationship of five per cent or more between the pharmacy benefit manager and an insurer;

(3) Fail to remit insurance premiums within the policy period or within the time agreed to in writing between the insurer and the pharmacy benefit manager;

(4) Fail to disclose in writing the method of collecting and holding a plan sponsor's funds.

(B) This section does not apply to the extent that it conflicts with an agreement that is not subject to this chapter.

Last updated April 13, 2026 at 12:25 PM

Available Versions of this Section