An Act relative to the use of virtual credit cards by dental insurance providers
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill aims to regulate how dental insurance providers use virtual credit cards. It requires these providers to utilize virtual credit cards for payments to dental practices, enhancing security and transparency in financial transactions. The legislation seeks to standardize this payment method and reduce potential fraud risks associated with traditional credit card processing. This bill is similar to other proposals regarding dental insurance coverage and consumer protections.
Key provisions
- Requires dental insurance providers to use virtual credit cards for payments to dental practices.
- Aims to improve the security of financial transactions between insurers and dentists.
- Seeks to standardize payment methods within the dental insurance industry.
- Intended to reduce the risk of fraud associated with traditional credit card payments.
Who is affected
- Dental insurance providers
- Dental practices
- Patients with dental insurance
Notable changes
- Establishes a requirement for virtual credit card usage.
- Potentially reduces the risk of fraud in dental insurance payments.
Bill text
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Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
11 on record
Primary sponsor
Cosponsors
Joanne M. Comerford
Arguments
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