AL HB212

Establishes minimum dental loss ratios requiring insurers to spend at least 75% of premiums on claims for individual dental plans and 83% for group dental plans, calculated over rolling three-year periods

Requires insurers failing to meet the minimum dental loss ratio to issue rebates to policyholders, either as direct refunds or credits on future premiums, within 60 days of calculation

Mandates annual reporting to the Commissioner of Insurance by April 30, including claims paid, premiums collected, overhead expenses, and dental loss ratio data

Requires the Commissioner to publish insurer financial information on the Department of Insurance website and authorizes examinations of insurers suspected of submitting false reports

Excludes self-funded dental plans, Medicare Advantage plans, ACA marketplace plans, and certain government employee benefit plans from the requirements; effective October 1, 2026