IC 27-1-25.5-1: "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.