Indiana § 27-1-25.5-1 "Fiduciary duty"

Indiana Statutes

§ 27-1-25.5-1 — "Fiduciary duty"

Indiana § 27-1-25.5-1

Title 27INSURANCE

Art. 1DEPARTMENT OF INSURANCE

Ch. 25.5Fiduciary Duties

This text of Indiana § 27-1-25.5-1 ("Fiduciary duty") is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 27-1-25.5-1 (2026).

Text

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.

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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.