What amount must liability insurance companies report to the Dental Board for settlements related to negligence?

Liability insurance companies are required to report any settlements related to negligence that exceed $10,000 to the Dental Board. This threshold is established to ensure that the dental board is aware of significant claims against practitioners, which can impact their licensure and practice. Reporting settlements that meet or exceed this amount allows for proper oversight and regulation of dental professionals, helping to maintain standards within the industry and protect public safety. The focus on a $10,000 threshold is likely connected to recognizing settlements that may indicate a pattern of negligence or malpractice that warrants further investigation by regulatory authorities.