AN ACT ESTABLISHING A MEDICAL LOSS RATIO FOR DENTAL INSURANCE.

SB 1002 would require dental insurance companies to meet the same medical loss ratio (MLR) standard currently applied to medical insurance. The MLR mandates that insurers spend a minimum percentage (typically 80-85%) of premium revenue on actual dental care claims and quality improvement, rather than administrative costs. This bill directly affects dental insurance providers and their policyholders by increasing transparency and potentially lowering premiums if insurers fail to meet the ratio. It extends an existing requirement for medical insurance to the dental insurance market without changing the specific ratio threshold.