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the health insurance carrier of no more than $500 per day for each | | day a claim remains unpaid, with a maximum penalty for each claim | | of $5,000 assessed from the date after the date payment was due and | | the basis for that dispute.__The superintendent may not impose a | | penalty for nonpayment or partial payment of a disputed claim for | | which notice has been furnished under subsection 2, paragraph B. |
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| | | This bill requires health insurers, including managed care | | companies, to pay provider claims on a timely basis or be subject | | to interest and penalties. |
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