Alabama HB212 sets a minimum percentage of premiums dental insurers must spend on claims, with rebates for excess premiums.

Alabama HB212 establishes a dental loss ratio for dental insurers, requiring them to spend a specified percentage of premiums on customer claims. Insurers failing to meet this ratio must refund excess premiums to policyholders. The bill also mandates insurers to report certain income and expense information to the Commissioner of Insurance, which will be made public. The dental loss ratio is calculated based on claims paid for dental care services and premiums collected, excluding certain expenses. The act becomes effective on October 1, 2026.

Alabama HB212 sets a minimum percentage of premiums dental insurers must spend on claims, with rebates for excess premiums.

Alabama HB212 establishes a dental loss ratio for dental insurers, requiring them to spend a specified percentage of premiums on customer claims. Insurers failing to meet this ratio must refund excess premiums to policyholders. The bill also mandates insurers to report certain income and expense information to the Commissioner of Insurance, which will be made public. The dental loss ratio is calculated based on claims paid for dental care services and premiums collected, excluding certain expenses. The act becomes effective on October 1, 2026.