Requires dental insurance carriers to report on medical loss ratio data annually.

This bill requires dental insurance companies in New Jersey to annually report detailed data on how premiums are spent, including the percentage of premiums used for patient care versus overhead. It directly affects all dental carriers (insurers offering standalone dental plans) by mandating they submit reports containing covered members, deductibles, and coverage limits to the Commissioner of Banking and Insurance. The reports must mirror federal medical loss ratio standards, and the data will be made publicly searchable online to allow comparison between carriers. If a carrier’s ratio falls significantly below the average (an "outlier"), the commissioner may require premium rebates to policyholders, with rebates due by September 30 of the following year.