The bill H.102 aims to enhance oversight of health care sharing plans or arrangements in Vermont by requiring individuals or entities not authorized to offer health insurance to report specific information annually to the Commissioner of Financial Regulation. This includes details such as the number of participants, financial transactions, reimbursement requests, and any contracts with health care providers. The bill mandates that these reports be submitted starting October 1, 2025, and annually thereafter, with a certification of accuracy from an officer of the reporting entity.

Additionally, the Commissioner is tasked with compiling and publishing an annual report summarizing the submitted information, which will be made available on the Department of Financial Regulation's website. The bill also outlines penalties for non-compliance, including administrative fines and potential cease and desist orders for failure to remedy deficiencies in submissions. The act is set to take effect upon passage.