Health insurance; approval of rates to dental plans, medical loss ratio.

Health insurance; dental plans; approval ofrates and medical loss ratio. Requires the State CorporationCommission to review and approve premium rates applicable to dentalplans issued in the Commonwealth. Under the bill, benefits are deemedto be reasonable in relation to premiums, provided that the medicalloss ratio of the policy form, including riders and endorsements,is at least as great as 85 percent. The bill provides that if the Commission finds that the premium rate filed is not meeting or willnot meet a medical loss ratio of 85 percent, the Commission shall require appropriate rate adjustments, premium refunds, or premiumcredits as deemed necessary for the coverage to conform with themedical loss ratio standard of 85 percent.