This bill introduces two new sections to chapter 26.1-36.9 of the North Dakota Century Code, focusing on dental insurer rate requirements and reporting. The first section establishes criteria under which the commissioner can disapprove a proposed dental insurer rate if it is deemed excessive, based on factors such as administrative expense increases, surplus contributions, and dental loss ratios. If a dental benefit plan's annual loss ratio falls below seventy-five percent, the insurer is required to refund excess premiums to covered individuals and groups. The bill also outlines how the dental loss ratio is calculated, detailing what expenses are included and excluded from this calculation.

The second section mandates that dental insurers file an annual dental loss ratio report with the commissioner by April 30th each year, detailing loss ratio information organized by market and product type. The commissioner is authorized to request data verification from insurers and must make the reported information publicly available on the department's website for comparison among insurers. The effective date for the provisions in the first section is set for July 1, 2027.