Requires annual reporting on health care sharing plans and arrangements in Vermont.
The bill mandates that entities offering health care sharing plans or arrangements in Vermont submit annual reports to the Commissioner of Financial Regulation. These reports must include details such as the number of participants, total reimbursements, and marketing materials used. The Commissioner is required to compile these reports into an annual summary and publish it on the Department of Financial Regulation's website. The bill also outlines penalties for non-compliance, including administrative fines and cease and desist orders.
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