Dental organizations required to meet a loss ratio requirement.

HF 2334 requires dental insurance organizations in Minnesota to maintain a minimum 85% loss ratio, meaning they must pay at least 85% of premium revenue in claims to policyholders. If organizations fail to meet this ratio, they must provide remediation to enrollees through direct rebates, increased benefit limits, or other approved methods. The bill also mandates annual reporting of loss ratios and financial details to the Department of Commerce, with this data published online for public comparison. This applies specifically to dental insurance plans, not general health insurance, and takes effect between 2026 and 2028.