California AB1929 mandates annual disclosure of health care service plans' material investment holdings to the Exchange.

California AB1929 requires nonprofit health care service plans participating in the Exchange to annually disclose their material investment holdings. This includes the 25 largest investments and a copy of the Form 5500 filed with the U.S. Department of Labor. The initial disclosure covers the five years before January 1, 2027, with subsequent disclosures updating the information annually. Non-compliance results in a $1,000 daily penalty and a public notice on the plan's website. The Exchange will also display these disclosures on its website, enhancing transparency and accountability.

California AB1929 mandates annual disclosure of health care service plans' material investment holdings to the Exchange.

California AB1929 requires nonprofit health care service plans participating in the Exchange to annually disclose their material investment holdings. This includes the 25 largest investments and a copy of the Form 5500 filed with the U.S. Department of Labor. The initial disclosure covers the five years before January 1, 2027, with subsequent disclosures updating the information annually. Non-compliance results in a $1,000 daily penalty and a public notice on the plan's website. The Exchange will also display these disclosures on its website, enhancing transparency and accountability.