3006

Any actionable claim that is not paid within the term provided, shall accrue interest [on] behalf of the participating provider on the total unpaid amount of said claim or the part thereof that is actionable for payment up to the date of its full payment, according to the prevailing legal interest fixed by the Commissioner of Financial Institutions. Said interest shall be accrued from the day following the expiration of the term for payment and shall be payable to the participating provider along with the actionable claim for payment.\nThe interest shall be computed up to the time the payment is issued, provided said payment is remitted to the participating provider within the three (3) days following the issuing thereof. If it is not remitted within said term, the interest shall be computed up to the date that the provider receives the corresponding payment.\nHistory —Ins. Code, added as § 30.070 on July 7, 2002, No. 104, § 1, eff. 180 days after July 7, 2002.