Public Agency Benefits Intermediary Compensation Disclosure Act.

Coauthor credit for Assembly Member Patel was removed, which is standard practice when a bill is enrolled.

Corrected a duplicated word in Section 53059(g) where 'a joint powers authority. authority or public joint labor management trust' was fixed to 'a joint powers authority or public joint labor management trust.'

Corrected a duplicated phrase in Section 53059.2(b) where 'the joint powers authority, authority, public joint labor management trust' was fixed to remove the redundant 'authority.'

Removed a stray word 'Indirect' at the beginning of Section 53059.3(a)(4)(D), which appeared to be a leftover from editing.

Corrected a duplicated word in Section 53059.3(a)(11)(B) where 'employed or contracted. company.' was fixed to 'employed or contracted.'

Added standard enrollment language including Senate passage date (August 26, 2026), Assembly passage date (August 25, 2026), and Governor receipt notation.

Public joint labor management trusts are now explicitly named alongside joint powers authorities in the definition of 'covered plan,' in Section 53059.2(b) regarding sources of indirect compensation, and in the definition of 'public agency.' This expands the entities whose arrangements trigger disclosure obligations.

Section 53059.3(a)(4)(D) now limits the requirement to disclose book-of-business incentives, volume bonuses, retention bonuses, and other market-derived income to covered plans with 100 or more employees as of the first day of the contract or arrangement. Smaller plans are exempted from disclosing these specific categories of indirect compensation.

The definition of 'public agency' was narrowed to exclude the state. The Senate version covered 'the state, a county, a city, a city and county, a school district, a community college district, a special district, a joint powers authority, a public authority, a public entity, or any other governmental entity.' The Assembly version covers only 'a county, a city, a city and county, a school district, a community college district, a special district, a joint powers authority, a public authority, a public entity, or any other local governmental entity.'

Public joint labor-management trusts or similar entities that provide or administer health or welfare benefits for public employees or retirees were added to the definition of 'public agency,' expanding coverage to these specific entities.

The article heading was changed from 'Public Agency Benefits Intermediary Compensation Disclosure' to 'Local Agency Benefits Intermediary Compensation Disclosure,' reflecting the narrowed applicability to local entities only.

The provision authorizing the Insurance Commissioner to investigate alleged violations and set forth administrative penalties was removed from the bill. The Assembly version no longer includes an enforcement mechanism through the Department of Insurance.

The entire article was moved from the Insurance Code (Article 2, Chapter 7, Part 2, Division 2, Sections 10610-106xx) to the Government Code (Article 3.9, Chapter 1, Part 1, Division 2, Title 5, Sections 53059-53059.x), and all section references were renumbered accordingly.

The definition of 'public agency' in Section 10610(m) was narrowed by removing 'the state' from the list of covered entities. The bill now applies only to local government entities (counties, cities, school districts, community college districts, special districts, joint powers authorities, public authorities, and other local governmental entities), excluding the State of California itself.

A new cross-reference was added to Article 3.9 (commencing with Section 53059) of Chapter 1 of Part 1 of Division 2 of Title 5 of the Government Code, relating to health care coverage, in addition to the existing Insurance Code provisions.

The legislative counsel's digest was updated to reference 'health care service plan and health insurance benefits' instead of only 'health insurance benefits,' and to include 'solicitors' representing health care service plans alongside broker-agents representing insurers, broadening the descriptive scope of existing law referenced in the digest.