Bill > SB1101

This bill establishes new requirements for dental insurance carriers in Oklahoma by creating definitions and mandating annual reporting on dental loss ratios. The bill defines key terms like "community benefit expenditure" (spending that improves dental service access), "dental coverage plan" (health plans covering dental care), and distinguishes between "large employers" (51+ employees) and "small employers" (1-50 employees). Dental carriers will be required to file an annual report with the Insurance Commissioner by June 30th, starting in 2027, which must include dental loss ratios for the preceding calendar year, with the initial report covering 2024-2026. The Insurance Commissioner must then publicly post these reports on their website by September 15th each year and evaluate the effectiveness of the reporting process, potentially making recommendations about continuing or modifying the reporting requirements. The bill aims to increase transparency in dental insurance by providing public access to information about how insurance carriers are spending premium dollars and supporting dental health services. The legislation will become effective on November 1, 2025, giving insurance carriers time to prepare for the new reporting standards.

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http://www.oklegislature.gov/BillInfo.aspx?Bill=sb1101&Session=2600