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.
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