Regulatory Alerts2005-01-01 | Bulletin 2005-1Bulletin 2005-1: Prompt Payment of Claims
The Oregon Insurance Division issued Bulletin 2005-1 to guide insurers on complying with state statutes regarding the prompt payment of health benefit claims. Insurers are required to pay or deny clean claims within 30 days of receipt, with the check-cut date serving as prima facie evidence of the payment date. The Division will verify compliance by reviewing mailroom procedures and expects checks to be mailed by the next business day if the 30th day falls on a weekend or holiday.
Share