(a) A pharmacy services administrative organization that owns or is owned by, in whole or in part, an entity that manufactures, sells, or distributes prescription drugs, biologicals, or medical devices, as a condition of entering into a pharmacy services administrative organization-pharmacy contract, shall not require that the pharmacy purchase any drugs or medical devices solely from the entity with which the pharmacy services administrative organization has an ownership interest or from an entity with an ownership interest in the pharmacy services administrative organization.
(b) A pharmacy services administrative organization that owns or is owned by, in whole or in part, an entity that manufactures, sells, or distributes prescription drugs, biologicals, or medical devices shall disclose to the State Insurance Department any agreement with a pharmacy in which the pharmacy purchases prescription drugs, biologicals, or medical devices from a pharmacy services administrative organization or from an entity that owns or is owned by, in whole or in part, the pharmacy services administrative organization.