Transparency and Accountability of Patient Premiums Invested in Dental Care Act; create.

HB 1160, the "Transparency and Accountability of Patient Premiums Invested in Dental Care Act," requires dental insurance plans in Mississippi to spend at least 83% of premium funds on actual patient dental care instead of administrative costs. If a plan fails to meet this 83% threshold, it must issue rebates to enrollees based on the shortfall. The bill mandates that dental insurers file annual reports with the Mississippi Department of Insurance, organized by plan type, detailing how premiums were spent. This applies to all dental insurance plans (excluding Medicaid and state health programs) that offer dental coverage, ensuring greater transparency in how patient premiums are used.