New Jersey A5380 mandates annual reporting of dental loss ratio data by dental insurance carriers and sets minimum thresholds for these ratios.
New Jersey A5380 requires dental insurance carriers to submit annual reports on their dental loss ratios to the Commissioner of Banking and Insurance. The commissioner will aggregate these ratios for each carrier by year and market segment, then calculate an average dental loss ratio for each market segment using a three-year data period. The commissioner must then issue an annual report on the collected data to the Legislature and make the information publicly available on a searchable website.
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