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KRS 304.17-120

Time of payment of claims

Known as the Uniform Health Policy Provision Law

The act spans §§ 304.17-010 to 304.17-415 (61 sections).

Effective: July 15, 1994 History: Amended 1994 Ky

There shall be a provision as follows: "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 within thirty (30) days of receipt of due written proof of the 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 within thirty (30) days of receipt of due written proof."

Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.