Bill No. 1101 introduces new provisions to the Oklahoma Statutes regarding dental insurance reporting and community benefit expenditures. It defines key terms such as "community benefit expenditure," which refers to activities aimed at improving access to dental services for low-income consumers and addressing oral health workforce shortages. The bill also establishes definitions for "dental coverage plan," "dental loss ratio," "large employer," and "small employer." Notably, it specifies that community benefit expenditures do not include promotional or marketing expenses incurred by dental insurers.

Additionally, the bill mandates that dental carriers must file annual reports with the Insurance Commissioner detailing their dental loss ratios by market segment, starting from June 30, 2027, with initial reports covering the years 2024 to 2026. The Commissioner is tasked with posting these reports on their website and evaluating the effectiveness of public information dissemination regarding dental loss ratios. The act is set to take effect on November 1, 2025.