; or (bb) is otherwise authorized by each state in which the Organization participates in the demonstration under this section to bear risk for offering health insurance or health benefits; (II) agrees to bear risk under the Organization; and (III) has the capacity to bear risk commensurate with the Organization’s expected expenditures under an agreement under this section. (iii) Disclosure Each Organization with an agreement under this section shall, in accordance with current regulations of the Secretary that govern similar disclosures, report to the Secretary financial information consistent with such information required to be reported by a Medicare Advantage organization under part C to demonstrate that the Organization has a fiscally sound operation. (E) Governance requirements Each Organization with an agreement under this section shall establish a governing body with oversight responsibility for the Organization’s compliance with Program requirements that includes— (i) representation from each eligible participating provider of such Organization; (ii) at least two nephrologists, one of which may be affiliated with an eligible participating provider; and (iii) at least one beneficiary advocate. (2) ESRD Fee-For-Service Integrated Care Model (A) Benefit requirements (i) In general Subject to clause (iii), an Organization shall offer an ESRD Fee-For-Service Integrated Care Model that shall— (I) cover all benefits under parts A and B (subject to payment rules regarding the treatment of and payment for kidney organ acquisitions and hospice described in subsections (e)(3) and (4))