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SB 5953 - Establishing a medical loss ratio of at least 90 percent for health plans.

Source

Section 1

  1. For health plans issued or renewed on or after January 1, 2027, the medical loss ratio shall be at least 90 percent.

  2. The commissioner may adopt any rules necessary to implement this section.

  3. For the purposes of this section, "medical loss ratio" means the same as in 45 C.F.R. Sec. 158.221 (2025) as of January 1, 2026.

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