<?xml version='1.0' encoding='utf-8'?>
<section article="gin" article_name="Insurance" number="15-2014" title_number="15" title_name="Health Insurance" subtitle_number="20" subtitle_name="Pharmacy Services Administrative Organizations">
  <level label="a">
    <text>Before entering into a contract with a purchaser or pharmacy benefits manager, a pharmacy services administrative organization shall provide to the purchaser or pharmacy benefits manager a written disclosure of ownership or control.</text>
  </level>
  <level label="b">
    <text>The disclosure required under subsection (a) of this section shall include the extent of any ownership or control by any parent company, subsidiary, or other organization that:</text>
    <level label="1">
      <text>provides pharmacy services;</text>
    </level>
    <level label="2">
      <text>provides prescription drug or device services; or</text>
    </level>
    <level label="3">
      <text>manufactures, sells, or distributes prescription drugs, biologics, or medical devices.</text>
    </level>
  </level>
  <level label="c">
    <text>A contract with a purchaser or pharmacy benefits manager shall provide that a pharmacy services administrative organization shall notify the purchaser or pharmacy benefits manager in writing within 5 working days after any material change in its ownership or control related to any company, subsidiary, or other organization described in subsection (b) of this section.</text>
  </level>
</section>
