Minnesota SF1204 mandates dental organizations to meet a loss ratio requirement and report annually.

Minnesota SF1204 amends insurance laws to require dental organizations to meet a loss ratio requirement. Dental loss ratio is defined as total claims paid divided by gross premium revenue. Dental organizations must report their loss ratio annually and provide remediation if they do not meet the 85 percent threshold. Remediation can include rebates to enrollees or increased benefits. The commissioner must publish an annual report comparing dental loss ratios of all organizations. The bill's provisions take effect at various dates starting January 1, 2026.

Minnesota SF1204 mandates dental organizations to meet a loss ratio requirement and report annually.

Minnesota SF1204 amends insurance laws to require dental organizations to meet a loss ratio requirement. Dental loss ratio is defined as total claims paid divided by gross premium revenue. Dental organizations must report their loss ratio annually and provide remediation if they do not meet the 85 percent threshold. Remediation can include rebates to enrollees or increased benefits. The commissioner must publish an annual report comparing dental loss ratios of all organizations. The bill's provisions take effect at various dates starting January 1, 2026.