AN ACT ESTABLISHING A MEDICAL LOSS RATIO FOR DENTAL INSURANCE.
SB 553 requires dental insurance companies to spend a minimum percentage of premium revenue on dental care and quality improvement rather than administrative costs. The bill directly affects dental insurers and their policyholders by mandating how premiums must be allocated. This policy establishes a medical loss ratio standard specific to dental insurance, similar to federal requirements for health insurance. The exact percentage threshold is not specified in the provided bill text.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 14, 2025
Last action Jan 14, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
1
Jan 14, 2025
Committee
REF. TO JOINT COMM. ON Insurance and Real Estate
upper
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
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