SF1204

This legislative bill, S.F. No. 1204, proposes that dental organizations in Minnesota must meet a specific loss ratio requirement. This means that these organizations will be required to spend a certain percentage of premiums collected from customers on health care services rather than on administrative costs or profits. The bill seeks to amend a section of the Minnesota Statutes to include this new rule. It involves adding a new part to the existing law that defines the term "Commissioner" as the Commissioner of Commerce, who would be responsible for overseeing this regulation.