Industry Updates
Joint Trades Comment Letter, Senate Bill 3: Fiduciary Duty in Health Plan Administration
March 19, 2025
Submitted electronically to Representative Martin Carbaugh, Indiana House of Representatives and Senator Justin Busch, Indiana State Senate
Dear Chairman Carbaugh and Senator Busch:
Thank you for the opportunity to comment on Indiana Senate Bill 3. This letter reflects comments from the Association of Indiana Life Insurance Companies, the American Council of Life Insurers (ACLI), NAIFA – Indiana, Big I Indiana, NABIP Indiana, and the National Alliance of Life Companies. We are writing to express our strong concerns with the scope of Senate Bill 3 that seeks to impose a fiduciary duty on agents, brokers, and insurers that market and sell HIPAA Excepted Benefits products in Indiana.
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