Summary of the Introduced Bill

HB 1430 -- Health Insurance

Sponsor:  Harris (23)

This bill requires insurers to pay a monthly interest charge of
2% on any unpaid portion of a health insurance claim when the
insurer is delinquent.  Current law requires a 1% interest
charge.  The bill also shortens the time frames within which the
insurer must:

(1)  Acknowledge the initial receipt of a claim, from 10 working
days after receipt to seven working days;

(2)  Deny a claim, from 15 days after receiving additional
requested information to 12 days; and

(3)  Pay a claim, from 45 days after the initial receipt of the
claim to 35 days.

Copyright (c) Missouri House of Representatives

Missouri House of Representatives
92nd General Assembly, 2nd Regular Session
Last Updated September 23, 2004 at 11:15 am