Dental insurance; set medical loss ratio for insurers

HB 401 requires dental insurance companies in Alabama to spend at least 85% of collected premiums on actual dental care claims for policyholders. Insurers failing this threshold must refund the excess to customers. The bill also mandates annual public reporting of financial data to the Insurance Commissioner and limits premium increases to the dental services consumer price index. This directly affects dental insurers and their policyholders, focusing on transparency and cost control in dental coverage. The bill is currently pending in the House Insurance Committee as of March 2025.