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 insurance plans.

Additionally, the Act introduces provisions for rebates to consumers in cases of excess revenue, allowing the commissioner to investigate insurers with low dental loss ratios and enforce remediation actions. The bill amends existing law to clarify that certain rebates are permissible under specific conditions, while also establishing a framework for rulemaking to define expenditures related to dental services. The Act is set to 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