IL HB2070 | 2023-2024 | 103rd General Assembly

Status

Spectrum: Partisan Bill (Democrat 4-0)
Status: Introduced on February 2 2023 - 25% progression, died in committee
Action: 2023-03-10 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

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.

Tracking Information

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Title

DENTAL LOSS RATIO ACT

Sponsors


History

DateChamberAction
2023-03-10HouseRule 19(a) / Re-referred to Rules Committee
2023-03-02HouseTo Insurance Main Subcommittee
2023-02-27HouseAdded Co-Sponsor Rep. Anna Moeller
2023-02-17HouseAdded Co-Sponsor Rep. Theresa Mah
2023-02-15HouseAdded Co-Sponsor Rep. Dave Vella
2023-02-15HouseAssigned to Insurance Committee
2023-02-07HouseReferred to Rules Committee
2023-02-07HouseFirst Reading
2023-02-02HouseFiled with the Clerk by Rep. Jennifer Gong-Gershowitz

Code Citations

ChapterArticleSectionCitation TypeStatute Text
21511034Amended CodeCitation Text

Illinois State Sources


Bill Comments

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