Idaho Statutes

§ 41-5601 — DEFINITIONS

Idaho·Title 41 INSURANCE·Ch. 56 PROMPT PAYMENT OF CLAIMS

As used in this chapter:

(1)"Beneficiary" means a policyholder, subscriber, member, employer or other person who is eligible for benefits under a contract providing hospital, surgical, or medical expense coverage or a managed care organization policy or agreement under which a third party payer agrees to reimburse for covered health care services rendered to beneficiaries in accordance with the benefits contract.
(2)"Date of payment" means the date the payment is sent as indicated by the mail stamp on the envelope, by the insurer to the practitioner or facility or to the beneficiary in the event there is not a contract for direct payment by the insurer to the practitioner or facility, or, in the event of a wire or other electronic funds transfer, upon acceptance by the insurer’s bank of

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Legislative History

[41-5601, added 2004, ch. 290, sec. 1, p. 812.]

Nearby Sections

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