SB 0343 Changes interest calculation method for withheld health insurance reimbursements
LR Number:S0011.02I Fiscal Note:0011-02
Committee:Insurance and Housing
Last Action:02/02/99 - Referred S Insurance & Housing Committee Journal page:S170
Effective Date:August 28, 1999
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Current Bill Summary

SB 343 - This act mandates interest payments to health insurance claimants after 45 days if the claim amount is still unpaid. The interest is calculated from the date the claim is filed if any of the claim is still unpaid after 45 days. Current law would calculate the interest beginning after the 45 day period.