Regulate the use of artificial intelligence by health insurers

1. **ONE-SENTENCE SUMMARY:** This bill aims to regulate how health insurers use artificial intelligence in their operations. 2. **KEY REQUIREMENTS:** - Health insurers must disclose how they use AI in decision-making processes. - Insurers must ensure that AI systems are transparent and non-discriminatory. - Regular audits of AI systems must be conducted to ensure compliance with regulations. 3. **DEADLINES:** - The bill will take effect 90 days after it is signed into law. - Compliance with the new requirements must be achieved within one year of the effective date. 4. **PENALTIES:** - Violations of the regulations can result in fines imposed by the state. - Insurers may face additional penalties, including potential legal actions or loss of licensing. 5. **SMB IMPACT:** Small health insurance businesses will need to invest in compliance measures for AI usage, which may require additional resources or training. Failure to comply could lead to significant fines and operational disruptions.