Agency : BWC
Confidential Description : Records contain the PBM financial statements, reconciliation documents, and names of BWC and PBM employees.
Revision : 0
Record Description : The Pharmacy Benefits Manager (PBM) Bank Statements consist of bank statements, financial documents, and billing items, which are submitted monthly per their contract with the BWC. The Pharmacy Benefits Manager (PBM) Bank Statements images are saved and stored on the network drive. Statute of limitations applies to these date ranges as follows: Contract termination date prior to 09-28-2005 therefore statute of limitations date is 16 years from date of expiration or termination. Contract termination date 09-28-2005 to 09-28-2012 therefore statute of limitations date is 09-28-2021(Section 4 shortens existing date). Contract termination date after 9-28-2012 to 6-15-2021 therefore statute of limitations date is nine years from date of expiration or termination (O.R.C.2305.06). Contract termination date after 9-16-2021 therefore statute of limitations date is six years from date of expiration or termination (O.R.C.2305.06). Retention justification for paper and machine readable media O.R.C. 2305.06 contract in writing. Except as provided in sections 126.301 and 1302.98 of the R.C., an action upon a specialty or an agreement, contract, or promise in writing shall be brought within six years after the cause of action accrued. Section 4; For causes of action that are governed by section 2305.06 R.C. and accrued prior to the effective date of this act, the period of limitations shall be six years from the effective date of this act or the expiration of the period of limitations in effect prior to the effective date of this act, whichever occurs first.