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 proposed dental insurer rates if they are deemed excessive, based on factors such as administrative expense increases, surplus contributions, and dental loss ratios. It mandates that if a dental benefit plan's annual loss ratio falls below seventy-five percent, the insurer must refund excess premiums to covered individuals and groups. Additionally, the bill outlines how the dental loss ratio is calculated and allows the commissioner to waive refund requirements under certain conditions.

The second section requires dental insurers to file an annual dental loss ratio report with the commissioner by April 30th, detailing the loss ratio information for the previous calendar year, 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 bill defines "dental loss ratio" consistently across both sections and specifies that the provisions will take effect on July 1, 2027.