AL SB81

Establishes minimum dental loss ratios requiring insurers to spend 75% of premiums on claims for individual plans and 83% for group plans, calculated over three rolling consecutive calendar years

Requires dental insurers to refund excess premiums to policyholders as rebates within 60 days if their claims spending falls below the required percentages

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

Excludes self-funded dental plans, Medicare Advantage plans, ACA marketplace plans, and state employee/education benefit plans from coverage under the law

Effective date of October 1, 2026, with the Commissioner of Insurance authorized to adopt rules for implementation and enforcement