SB 257 IN
Fiduciary duty in health plan administration.
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Summary
Provides that any third party administrator, pharmacy benefit manager, employee benefit consultant, or insurance producer acting on behalf of a plan sponsor owes a fiduciary duty to the plan sponsor.
Sponsors (2)
- Justin Busch Republican · author
- Tyler Johnson Republican · author
Action history (3)
- Jan 16, 2024 First reading: referred to Committee on Health and Provider Services · upper
- Jan 16, 2024 Authored by Senator Busch · upper
- Jan 29, 2024 Senator Johnson T added as second author · upper
Subjects
AGENCIES; Department of Insurance (IDOI)INSURANCE; Health Insurance
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