Ohio § 3957.12
Full text of Ohio Ohio Revised Code § 3957.12, with citation guidance and answers to common questions.
§ 3957.12.
(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.
Frequently Asked Questions About Ohio § 3957.12
What does Ohio Revised Code § 3957.12 cover?
Section 3957.12 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 3957.12?
A common citation format is "Ohio Revised Code § 3957.12" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 3957.12 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.