Dental insurers in Hawaii must report annual loss ratios and refund excess premiums if below 75%.

This bill mandates that dental insurers in Hawaii report their annual dental loss ratios to the insurance commissioner. If the ratio is below 75%, insurers must refund excess premiums to enrollees or credit them for the next period. Insurers must also file benefit structure information and actuarial justifications. The commissioner can review and approve or disapprove dental insurance plans and structures. The commissioner will publish dental loss ratio information annually on their website.

Dental insurers in Hawaii must report annual loss ratios and refund excess premiums if below 75%.

This bill mandates that dental insurers in Hawaii report their annual dental loss ratios to the insurance commissioner. If the ratio is below 75%, insurers must refund excess premiums to enrollees or credit them for the next period. Insurers must also file benefit structure information and actuarial justifications. The commissioner can review and approve or disapprove dental insurance plans and structures. The commissioner will publish dental loss ratio information annually on their website.