Fiduciary duty in health plan administration.

Added new definition for 'employee benefit consultant' to specify persons who advise and assist plan sponsors with employee benefit programs.

Added new definition for 'insurance producer' referencing existing IC 27-1-15.6-2(9).

Restructured the fiduciary duty definition to include specific obligations: prudent management, disclosure of compensation and conflicts, and compliance with applicable laws.

Added insurance producer and employee benefit consultant to the list of entities owing fiduciary duties to plan sponsors.

Added exemption for insurance producers compensated on a flat fee basis instead of percentage basis from fiduciary duty requirements.

Added official legislative signatures and approval markings (President of Senate, President Pro Tempore, Speaker of House, Governor) indicating the bill has been fully enacted.

Removed draft markings, committee referral notes, and introductory printing code explanations that were present in the introduced version.

Reordered the sequence of definitions in the bill, moving 'employee benefit consultant' and 'insurance producer' definitions from the original text to a different position in the final version.