It is enacted by the General Assembly as follows:
SECTION 1. Section 27-20.1-4 of the General Laws in Chapter 27-20.1 entitled "Nonprofit Dental Service Corporations" is hereby amended to read as follows:
{ADD 27-20.1-4. Annual statement. -- ADD} {ADD (a) ADD} Every {ADD such ADD} nonprofit dental service corporation {ADD and any nonprofit dental service plan operated by a nonprofit hospital service corporation ADD} shall annually, on or before the first day of March in each year, file in the office of the {DEL director of business regulation DEL} {ADD commissioner of insurance ADD} a statement, verified by at least two (2) of the principal officers of the corporation, of {DEL its DEL} {ADD the ADD} condition {ADD of such nonprofit dental service corporation or plan ADD} on the 31st day of December then next preceding, which statement shall {ADD be in general form and context as approved by the national association of insurance commissioners and ADD} contain such matters as the director of business regulation shall prescribe {ADD including, but not limited to premiums earned, claims expense, operating expenses, other income and expenses, net gain or loss, reserves, enrollment and enrollment changes separately for dental business for such corporations ADD} and shall be available for inspection by the public.
{ADD (b) Every such corporation shall also file quarterly statements with the insurance commissioner, due on or before forty-five (45) days after the quarter ending in accordance with the national association of insurance commissioners' guidelines and procedures and contain such matters as the director of business regulation shall prescribe, including, but not limited to premiums earned, claims expense, operating expenses, other income and expenses, net gain or loss, reserves, enrollment and enrollment changes separately for dental business for such corporations and shall be available for inspection by the public.
(c) The insurance commissioner shall also require compliance with chapter 12.1 of title 27. ADD}
SECTION 2. This act shall take effect upon passage.