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§ 15-214. Time of payment of claims

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 15. Health Insurance
Subtitle 2. Individual Health Insurance Policy Forms and Provisions (Refs & Annos)
MD Code, Insurance, § 15-214
§ 15-214. Time of payment of claims
In general
(a) Each policy of health insurance shall contain the following provision:
“Time of payment of claims: Indemnities payable under this policy for any loss other than loss for which this policy provides any periodic payment, will be paid immediately upon receipt of due written proof of such loss. Subject to due written proof of loss, all accrued indemnities for loss for which this policy provides periodic payment will be paid ........ (insert period for payment which must not be less frequently than monthly) and any balance remaining unpaid upon the termination of liability will be paid immediately upon receipt of due written proof.”
Specific statement in policies providing periodic payment for loss
(b) A policy is considered to provide for periodic payment for loss only if the policy contains a specific statement to that effect.

Credits

Added by Acts 1997, c. 35, § 2, eff. Oct. 1, 1997.
Formerly Art. 48A, § 447.
MD Code, Insurance, § 15-214, MD INSURANCE § 15-214
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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