§ 15-214
127 words·~1 min read·
/md/insurance/15-214A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§15–214.
(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.”
(b)A policy is considered to provide for periodic payment for loss only if the policy contains a specific statement to that effect.