The proposed bill, titled "An Act relative to the use of virtual credit cards by dental insurance providers," seeks to regulate the payment methods that dental insurers can use when compensating dental care providers. It stipulates that contracts between dental insurers and providers cannot mandate that payment be made exclusively via credit card. If a dental insurer chooses to make a payment through credit card, it must obtain the dental care provider's consent. Additionally, if a provider opts not to accept a certain payment method, that decision remains in effect until they choose to accept a different method or a new contract is established.

Furthermore, the bill outlines specific obligations for dental insurers when using electronic funds transfer payments, including virtual credit card payments. Insurers must notify providers of any associated fees, inform them of available payment methods, and provide clear instructions for selecting alternative payment options. The bill also prohibits insurers from charging fees solely for transmitting payments unless the provider has consented to such fees. Definitions for key terms such as "electronic funds transfer payment," "dental care provider," "dental care provider agent," and "dental insurer" are included to clarify the scope of the legislation.