(2) If the claim is filed on paper, not more than forty-five (45) days after the date the claim is received by the administrator.(b) If:(1) the administrator fails to pay or deny a clean claim in the time required under subsection (a); and(2) the administrator subsequently pays the claim;the administrator shall pay the provider that submitted the claim interest on the health benefit plan allowable amount of the claim paid under this section.(c) Interest paid under subsection (b):(1) accrues beginning:(A) thirty-one (31) days after the date the claim is filed under subsection (a)(1); or(B) forty-six (46) days after the date the claim is filed under subsection (a)(2); and(2) stops accruing on the date the claim is paid.(d) In paying interest under subsection (b), the administrator shall use the same interest rate as provided in IC 12-15-21-3(7)(A).As added by P.L.162-2001, SEC.1.
Indiana Legal Code