Oklahoma SB1060 establishes a formula for the medical loss ratio for dental benefit plans, exempts certain plans, and mandates annual rebates for.
Oklahoma SB1060 sets a formula for the medical loss ratio for dental benefit plans, requiring these plans to file an annual report with the Insurance Department. The bill exempts certain dental plans, including those under the state Medicaid program. It mandates annual rebates for certain plans if the medical loss ratio exceeds specified percentages. The bill also requires the Insurance Department to post reported dental loss ratios on a publicly available website while keeping underlying data confidential. Effective November 1, 2025.
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