The Montana Dental Insurance Transparency and Accountability Act aims to enhance transparency and accountability in dental insurance by establishing clear reporting requirements and defining key terms related to dental insurance coverage. 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. Insurers must also provide additional data, including plan cost-sharing and deductible amounts, to ensure consumers have access to comprehensive information about their dental coverage.

Furthermore, the Act introduces provisions for rebates to consumers in cases where dental insurers generate excess revenue, ensuring that premiums are fairly allocated towards patient care. The legislation amends existing laws to allow for these rebates while maintaining strict guidelines on the definitions of expenditures related to clinical services and administrative costs. 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