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 Bill Status of SB3305  103rd General Assembly

Short Description:  DENTAL LOSS RATIO ACT

Senate Sponsors
Sen. Laura Fine

Hearings
Insurance Hearing May 7 2024 5:30PM Capitol 400 Springfield, IL


Last Action
DateChamber Action
  3/6/2024SenatePostponed - Insurance

Statutes Amended In Order of Appearance
New Act


Synopsis As Introduced
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 January 1, 2025, 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. Effective January 1, 2025.

Actions 
DateChamber Action
  2/7/2024SenateFiled with Secretary by Sen. Laura Fine
  2/7/2024SenateFirst Reading
  2/7/2024SenateReferred to Assignments
  2/20/2024SenateAssigned to Insurance
  3/6/2024SenatePostponed - Insurance
  3/15/2024SenateRule 2-10 Committee Deadline Established As April 5, 2024
  4/5/2024SenateRule 2-10 Committee Deadline Established As April 19, 2024
  4/10/2024SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Laura Fine
  4/10/2024SenateSenate Committee Amendment No. 1 Referred to Assignments
  4/11/2024SenateSenate Committee Amendment No. 2 Filed with Secretary by Sen. Laura Fine
  4/11/2024SenateSenate Committee Amendment No. 2 Referred to Assignments
  4/12/2024SenateRule 2-10 Third Reading Deadline Established As May 3, 2024
  4/16/2024SenateSenate Committee Amendment No. 2 Assignments Refers to Insurance
  4/16/2024SenateSenate Committee Amendment No. 1 Pursuant to Senate Rule 3-8 (b-1), the following amendments will remain in the Committee on Assignments
  4/19/2024SenateRule 2-10 Committee Deadline Established As May 3, 2024

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