Indiana § 27-4-10-9 "Virtual claim payment"

Indiana Statutes

§ 27-4-10-9 — "Virtual claim payment"

Indiana·Title 27 INSURANCE·Art. 4 UNFAIR COMPETITION; UNAUTHORIZED·Ch. 10 Virtual Claim Payments for Dental Care Services

(a)As used in this chapter, "virtual claim payment" means a type of electronic funds transfer in which:

(1)a health insurer or contracted vendor of a health insurer issues a single use series of numbers for purposes of payment for dental care performed by a dental provider and chargeable to a predetermined dollar amount; and

(2)the dental provider is responsible for processing the payment using a credit card terminal or Internet portal.

(b)The term includes virtual or online credit card payments in which:

(1)no physical credit card is presented to the dental provider; and

(2)the virtual or online credit card expires upon payment processing.

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(a) As used in this chapter, "virtual claim
payment" means a type of electronic funds transfer in which:
(1) a health insurer or contracted vendor of a health insurer issues
a single use series of numbers for purposes of payment for dental
care performed by a dental provider and chargeable to a
predetermined dollar amount; and
(2) the dental provider is responsible for processing the payment
using a credit card terminal or Internet portal.
(b) The term includes virtual or online credit card payments in
which:
(1) no physical credit card is presented to the dental provider; and
(2) the virtual or online credit card expires upon payment
processing.

Indiana § 27-4-10-9 ("Virtual claim payment") — published by Counsel Stack Legal Research, free access to 12M+ legal documents.