AN ACT ESTABLISHING A DENTAL LOSS RATIO.

SB 1003 would require dental insurance companies in the state to spend at least 83% of premium revenue on actual dental care for policyholders, rather than administrative costs, marketing, or profits. If insurers fail to meet this 83% "dental loss ratio," they must issue rebates to policyholders to reach the required threshold. The bill also mandates that insurers report how they allocate funds between patient care and other expenses. This directly affects all dental insurers operating in the state and their covered policyholders. The legislation aims to ensure more premium dollars go toward dental services.