By Mike Perleberg (Columbus, Oh.) - Uber and Lyft are going to be regulated in Ohio under a new law signed by Governor John Kasich on Wednesday. Ohio joins other states such as Indiana, Virginia, Tennessee, Utah, and Arizona that have similar laws already in place. The new law will take effect in March 2016. Uber released a statement saying it embraces the new law, HB 237. “Since our launch in Columbus in 2013, we have been committed to providing additional options to riders and flexible earning opportunities for drivers across the state - and we look forward to continuing to do so for years to come,” the Uber statement said. Lyft enchoed the support for HB 2237, calling it “common-sense regulatory framework for ridesharing that prioritizes public safety and consumer choice.” The new law makes such internet ridesharing programs subject to regulation by the Ohio Public Utilities Commission. The companies will have to obtain a $5,000 permit in order to operate legally. They will have to disclose their fare calculation methods as well. Uber and Lyft drivers will be required to carry minimum levels of commercial auto insurance. The requirements are at least $50,000 for injury liability per person, $100,000 per accident, and $25,000 for property damage. Drivers must also be 19 years or older, pass criminal background checks, and not committed any type of serious vehicle-related offense in the last 13 years. The new law also contains a zero tolerance policy for drug and alcohol abuse on the job. RELATED STORIES: Ind. Senate Bill Seeks Regulations For Uber, Lyft CVG Requiring Permits For Uber, Lyft