S1752

TRENTON – Legislation sponsored by Senator Byron M. Baer which gives the State Department of Banking and Insurance (DOBI) jurisdiction over dental plan organizations (DPOs) in order to better regulate the industry and create accountability and financial stability, becomes law today.

“The law will create a fairness in dental insurance by making insurers accountable for the contracts and services that DPOs provide,”said Senator Baer, Chairman of the Senate Commerce Committee. “By allowing DOBI to oversee DPOs, we are ensuring that the dental plans are taking the proper safeguards to remain financially sound.”

TRENTON – Legislation sponsored by Senator Byron M. Baer which would place dental plan organizations (DPOs) under the jurisdiction of the State Department of Banking and Insurance (DOBI) in order to better regulate the industry to provide insurer accountability and financial stability, received final approval in the Assembly today.

“The bill will establish fairness in dental insurance by creating accountability from the insurer and ensuring that DPOs make good on the contracts they provide,”said Senator Baer, Chairman of the Senate Commerce Committee. “DPOs are operated very like to the HMO model, and by allowing DOBI to oversee them both, we are ensuring that DPOs are taking the proper safeguards to remain financially sound.”