DENTAL LOSS RATIO ACT House SponsorsRep. Jennifer Gong-Gershowitz, Dave Vella, Theresa Mah and Anna Moeller 1/7/2025HouseSession Sine Die New Act215 ILCS 110/34from Ch. 32, par. 690.34 Creates the Dental Loss Ratio Act. Sets forth provisions concerning dental loss ratio reporting. Provides that a health insurer or dental plan carrier that issues, sells, renews, or offers a specialized health insurance policy covering dental services shall, beginning July 1, 2023, annually submit to the Department of Insurance a dental loss ratio filing. Provides a formula for calculating minimum dental loss ratios. Sets forth provisions concerning minimum dental loss ratio requirements. Provides that the Department may adopt rules to implement the Act. Provides that the Act does not apply to an insurance policy issued, sold, renewed, or offered for health care services or coverage provided as a function of the State of Illinois Medicaid coverage for children or adults or disability insurance for covered benefits in the single specialized area of dental-only health care that pays benefits on a fixed benefit, cash payment-only basis. Defines terms. Amends the Dental Service Plan Act. Provides that a dental service plan corporation shall not disburse during any one year (rather than shall not disburse during any one year, except upon the approval of the Director of Insurance) a sum greater than 20% of payments received from subscribers during that year as administrative expenses. Effective immediately. 2/2/2023HouseFiled with the Clerk by Rep. Jennifer Gong-Gershowitz 2/7/2023HouseFirst Reading 2/7/2023HouseReferred to Rules Committee 2/15/2023HouseAssigned to Insurance Committee 2/15/2023HouseAdded Co-Sponsor Rep. Dave Vella 2/17/2023HouseAdded Co-Sponsor Rep. Theresa Mah 2/27/2023HouseAdded Co-Sponsor Rep. Anna Moeller 3/2/2023HouseTo Insurance Main Subcommittee 3/10/2023HouseRule 19(a) / Re-referred to Rules Committee 1/7/2025HouseSession Sine Die