Dental insurance; set medical loss ratio for insurers

SB 81 would require dental insurance companies in Alabama to spend at least 75% of premiums collected on individual dental care claims and 83% on group plans. Insurers failing to meet these thresholds must refund the difference to policyholders. The bill also mandates that insurers publicly report their financial data, including claims payments and expenses, to the Insurance Commissioner. This applies to standalone dental plans sold by commercial insurers, excluding self-funded plans, Medicare Advantage, and certain state-run programs.