"Fiduciary duty"

Sec. 1. As used in this chapter, "fiduciary duty" includes the duty to: (1) act with loyalty and care in the best interest of the plan sponsor; (2) ensure that all fees, costs, and commissions are reasonably and fully disclosed; (3) avoid self-dealing and conflicts of interest; and (4) maintain transparency in all financial and contractual arrangements related to the plan sponsor's health insurance coverage, including prescription drug benefits. As added by P.L.69-2025, SEC.1.