Title 27
Insurance

Chapter 82
Dental Insurance Loss Ratio Reporting and Study Act

§ 27-82-6. Study report.

(a) On or before October 1, 2026, the commissioner shall provide the general assembly with an analysis of the reporting information furnished pursuant to § 27-82-3, and recommendations with respect to a minimum dental loss ratio. The report shall also include recommendations with respect to requiring dental health carriers to offer a full range of comprehensive dental benefit plans including, but not limited to, one hundred percent (100%) coverage options.

(b) The commissioner shall make a special annual assessment against each dental health insurance carrier during years 2023, 2024, and 2025 for payment of all reasonable costs and expenditures in connection with the study report and related analysis required by this section, no greater than the combined maximum total of one hundred fifty thousand dollars ($150,000) per year for all carriers. Each annual assessment shall, subject to the foregoing maximum, be deemed as reasonably sufficient reimbursement for any costs and expenditures necessary for the commissioner to fulfill the commissioner's obligations under this section. The sums shall be proportionately assessed by the commissioner against each dental health insurance carrier based on relative annual fully insured membership enrollment, and may be billed whether or not the study report has been completed. The carriers billed for such costs and expenditures shall make payment to the commissioner within sixty (60) days of the date invoiced. Assessments made pursuant to this section may be credited to the normal operating costs of each dental health insurance carrier, and shall be deposited as general revenue.