Massachusetts S676 amends dental insurance regulations, modifying reporting requirements and risk-based capital (RBC) model applications.

Massachusetts S676 amends Chapter 176X of the General Laws to modify dental insurance regulations. It removes certain reporting requirements and adjusts the application of the RBC model for different types of carriers. Specifically, it eliminates the reporting requirement if a carrier's surplus contribution exceeds 1.9 percent. It also modifies the RBC model application for life insurers and multi-line carriers, allowing a waiver of specific reporting requirements for carriers unable to provide the required information. The commissioner must notify relevant committees of any such waivers.

Massachusetts S676 amends dental insurance regulations, modifying reporting requirements and risk-based capital (RBC) model applications.

Massachusetts S676 amends Chapter 176X of the General Laws to modify dental insurance regulations. It removes certain reporting requirements and adjusts the application of the RBC model for different types of carriers. Specifically, it eliminates the reporting requirement if a carrier's surplus contribution exceeds 1.9 percent. It also modifies the RBC model application for life insurers and multi-line carriers, allowing a waiver of specific reporting requirements for carriers unable to provide the required information. The commissioner must notify relevant committees of any such waivers.