Clarifies charitable role of health service corporations, revises membership of board of directors, establishes process to determine efficient level of surplus, and requires timely publication of certain information by DOBI.

This bill clarifies the charitable mission of New Jersey health service corporations (HSCs), requiring them to focus on affordable care, supporting underserved populations, and improving public health. It revises board composition to include three members elected by qualified subscribers (those with a subscription for at least one year) and establishes a process to determine an "efficient surplus" range for HSCs. If an HSC's surplus exceeds this range, it must submit a plan to reduce it or deposit the excess into a new "New Jersey Quality Health and Wellness Fund," which will be used to improve health services statewide. The bill also requires HSCs to annually publish financial information on the Department of Banking and Insurance website.