SB 850 - O'Laughlin, Cindy
Modifies provisions governing the prompt payment of health insurance
Bill Details
Sponsor
LR Number
4605S.01I
Title
SB 850
House Handler
N/A
Journal Page
Effective Date
August 28, 2020
Committee
Current Status
Second Read and Referred S Insurance and Banking Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 850 - This act specifies that the penalty for failure to pay a health insurance claim within 45 days as required by law shall be "five percent of the claim", rather than "one percent of the claim per day". The act also provides that interest and penalties shall begin to accrue the day after the claimant appeals the denial to the health carrier.
This act is similar to provisions in the truly agreed to and finally passed SS/SCS/HCS/HB 1682 (2020), and to HB 2089 (2020),
ERIC VANDER WEERD