The Montana Dental Insurance Transparency and Accountability Act aims to enhance transparency and accountability in dental insurance by establishing clear reporting requirements for dental insurers. The Act mandates that dental insurers disclose their medical loss ratios, which represent the percentage of premium dollars spent on patient care, and requires annual reports to be submitted to the commissioner of securities and insurance. These reports must include detailed information such as plan cost-sharing, deductible amounts, and the number of enrollees who meet or exceed annual coverage limits. The commissioner will make this information publicly available to allow for comparisons among insurers.

Additionally, the Act introduces provisions for addressing excess revenue by allowing the commissioner to investigate dental insurers with low loss ratios and potentially require them to issue rebates to policyholders. The bill amends existing law to clarify that certain rebates are permissible under specific conditions, while also establishing a framework for rulemaking to define key terms related to dental care quality and expenditures. The Act will take effect on June 1, 2025, and will apply to dental insurance policies issued or renewed on or after January 1, 2026.

Statutes affected:
LC Text: 33-18-208
SB0335_1(1): 33-18-208
SB0335_1(2): 33-18-208
SB0335_1(3): 33-18-208
SB0335_1(4): 33-18-208
SB0335_1(5): 33-18-208
SB0335_1(6): 33-18-208
SB0335_1(7): 33-18-208
SB0335_1: 33-18-208
SB0335_2(1): 33-18-208
SB0335_2(10): 33-18-208
SB0335_2(11): 33-18-208
SB0335_2(12): 33-18-208
SB0335_2(13): 33-18-208
SB0335_2(14): 33-18-208
SB0335_2(15): 33-18-208
SB0335_2(16): 33-18-208
SB0335_2(2): 33-18-208
SB0335_2(3): 33-18-208
SB0335_2(4): 33-18-208
SB0335_2(5): 33-18-208
SB0335_2(6): 33-18-208
SB0335_2(7): 33-18-208
SB0335_2(8): 33-18-208
SB0335_2(9): 33-18-208
SB0335_2: 33-18-208
SB0335_X(1): 33-18-208
SB0335_X(10): 33-18-208
SB0335_X(11): 33-18-208
SB0335_X(12): 33-18-208
SB0335_X(2): 33-18-208
SB0335_X(3): 33-18-208
SB0335_X(4): 33-18-208
SB0335_X(5): 33-18-208
SB0335_X(6): 33-18-208
SB0335_X(7): 33-18-208
SB0335_X(8): 33-18-208
SB0335_X(9): 33-18-208
SB0335_X: 33-18-208