Dental organizations loss ratio met requirement provision

SF 1204 requires dental insurance organizations in Minnesota to pay out at least 85% of premiums as claims (a "loss ratio" of 85%). If they fail to meet this, they must provide rebates or improved benefits to policyholders. Dental organizations must annually report their loss ratios and financial details to the Commerce Department by March 1, starting in 2027, with the data published online for public comparison. This directly affects dental insurers and their enrollees (policyholders) by increasing accountability for how premiums are used. The bill takes effect between 2026 and 2028, depending on the provision.