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MA H1262
Bill
Status
Introduced
2/27/2025
Primary Sponsor
Paul McMurtry
Click for details
AI Summary
- Removes the provision triggering regulatory action when a dental carrier's reported contribution to surplus exceeds 1.9 percent
- Redefines market group size categories for dental insurance reporting as: individual, small groups of 2-50 members, and large groups of greater than 50 members
- Eliminates Section 3(c) of Chapter 176X, which previously contained additional dental insurance requirements
- Requires life insurers to apply the Risk-Based Capital (RBC) model under 211 CMR 20.00, with multi-line carriers capped at 700% of their Company Action Level; Massachusetts-based health and dental-only carriers must follow 211 CMR 25
- Authorizes the commissioner to waive specific reporting requirements for carriers unable to provide required information, with written notice required to the Joint Committee on Health Care Financing and Ways and Means committees
Legislative Description
Relative to dental insurance
Last Action
Accompanied a study order, see H5207
3/12/2026
Committee Referrals
Financial Services2/27/2025
Full Bill Text
No bill text available