Requiring transparency of dental health care insurance products

This bill requires West Virginia dental insurance companies to publicly report how much of each premium dollar is spent on actual dental care versus administrative costs, using a standardized format similar to federal requirements. It mandates annual transparency reports showing medical loss ratios (the minimum percentage of premiums spent on care), allows consumers to compare insurers online, and requires rebates to policyholders if less than 80% of premiums fund patient care. The law also prohibits insurers from forcing dentists to accept only credit card payments with fees and ensures clear payment method options. It directly affects dental insurers, dentists, and dental insurance customers in West Virginia.