FISCAL NOTE
Date Requested: January 21, 2026
Time Requested: 02:32 PM |
| Agency: |
Insurance Commission |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 3130 |
Introduced |
SB548 |
|
|---|
| CBD Subject: |
Health |
|---|
|
FUND(S):
7152
Sources of Revenue:
Special Fund
Legislation creates:
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
Senate Bill 548, if enacted, would require transparency of dental health care insurance products; require annual reporting of the medical loss ratio with the Insurance Commissioner; set forth standards for the methods by which a dental carrier may pay a dental provider; authorizes third party networks and sets standards for such networks; requires an annual rebate to be paid in the form of a premium reduction when the MLR is not met; and provides for rulemaking.
Please see the memorandum section of this fiscal note for additional information.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2026
Increase/Decrease
(use"-") |
2027
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
0 |
0 |
0 |
| Personal Services |
0 |
0 |
0 |
| Current Expenses |
0 |
0 |
0 |
| Repairs and Alterations |
0 |
0 |
0 |
| Assets |
0 |
0 |
0 |
| Other |
0 |
0 |
0 |
| 2. Estimated Total Revenues |
0 |
0 |
0 |
Explanation of above estimates (including long-range effect):
Please explain increases and decreases in personal services, current expenses, repairs and alterations, assets, other costs and revenues, including assumptions and data sources and delineation between start-up and ongoing costs. Please also include a long-range schedule of costs and revenues if fiscal impact is expected to vary in future years.
Memorandum
Senate Bill 548, if enacted, would require transparency of dental health care insurance products; require annual reporting of the medical loss ratio with the Insurance Commissioner; set forth standards for the methods by which a dental carrier may pay a dental provider; authorizes third party networks and sets standards for such networks; requires an annual rebate to be paid in the form of a premium reduction when the MLR is not met; and provides for rulemaking.
The OIC believes SB548, if enacted, would increase expenses of the OIC to obtain technical expertise for the web postings as well as allocation of staff time but we are unable to estimate the increased expenses accurately at this time.
Person submitting Fiscal Note: Juanita Wimmer
Email Address: Juanita.D.Wimmer@wv.gov