The bill establishes new regulations regarding third-party access to dental network contracts and the use of virtual credit card payments for dental services in Wyoming. It introduces definitions for key terms such as "contracting entity," "covered person," "dental care provider," and "virtual credit card payment." The bill outlines specific requirements that must be met for a contracting entity to grant third-party access to network contracts, including allowing dental care providers to opt-out of participation, providing written notifications of third-party participants, and ensuring that dental care providers are not penalized for refusing third-party access. Additionally, it mandates that dental care service plans cannot require payments to be made solely through virtual credit card payments and must inform providers of any associated fees.

The act will apply to contracts entered into on or after July 1, 2025, while existing contracts prior to this date will not be affected. The Department of Insurance is tasked with creating necessary rules for implementation, and the act will take effect on July 1, 2025, with certain sections becoming effective immediately upon the bill's passage.