Nebraska LB639 mandates dental plan carriers to maintain a minimum dental loss ratio of 85% and submit annual reports to the Department of Insurance.

Nebraska LB639 requires dental plan carriers to meet a minimum dental loss ratio of 85%, calculated by dividing incurred claims by earned premiums. Starting January 1, 2026, carriers must annually report this ratio to the Department of Insurance, including rates, rating schedules, and supporting documentation. If the minimum ratio is not met, carriers must return excess premiums to insureds. The bill defines dental loss ratio, dental plan carrier, earned premiums, and incurred claims.

Nebraska LB639 mandates dental plan carriers to maintain a minimum dental loss ratio of 85% and submit annual reports to the Department of Insurance.

Nebraska LB639 requires dental plan carriers to meet a minimum dental loss ratio of 85%, calculated by dividing incurred claims by earned premiums. Starting January 1, 2026, carriers must annually report this ratio to the Department of Insurance, including rates, rating schedules, and supporting documentation. If the minimum ratio is not met, carriers must return excess premiums to insureds. The bill defines dental loss ratio, dental plan carrier, earned premiums, and incurred claims.