Alabama SB81 sets a medical loss ratio for dental insurers and requires them to refund excess premiums to policyholders.

Alabama SB81 mandates that dental insurers spend a specified percentage of premiums on dental care services. If insurers retain more than the specified percentage, they must refund the excess to policyholders. The bill requires insurers to report their claims expenses and income information to the Commissioner of Insurance, who will make the report public. The Commissioner may examine the insurer's submitted information and can require corrections if necessary. The bill sets a minimum dental loss ratio for insurers and requires them to refund excess premiums to covered individuals or groups.

Alabama SB81 sets a medical loss ratio for dental insurers and requires them to refund excess premiums to policyholders.

Alabama SB81 mandates that dental insurers spend a specified percentage of premiums on dental care services. If insurers retain more than the specified percentage, they must refund the excess to policyholders. The bill requires insurers to report their claims expenses and income information to the Commissioner of Insurance, who will make the report public. The Commissioner may examine the insurer's submitted information and can require corrections if necessary. The bill sets a minimum dental loss ratio for insurers and requires them to refund excess premiums to covered individuals or groups.