Nevada § 695C.128 Contracts to provide services pursuant to certain state programs: Payment of interest on claims

Nevada Statutes

§ 695C.128 — Contracts to provide services pursuant to certain state programs: Payment of interest on claims

Nevada § 695C.128

Title 57INSURANCE

Ch. 695CHealth

GENERAL PROVISIONS

This text of Nevada § 695C.128 (Contracts to provide services pursuant to certain state programs: Payment of interest on claims) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 695C.128 (2026).

Text

Any contract or other agreement entered into or renewed by a health maintenance organization on or after October 1, 2001:

1.To provide health care services through managed care to recipients of Medicaid under the state plan for Medicaid; or

2.With the Division of Health Care Financing and Policy of the Department of Health and Human Services to provide insurance pursuant to the Children’s Health Insurance Program, Ê must require the health maintenance organization to pay interest to a provider of health care services on a claim that is not paid within the time provided in the contract or agreement at a rate of interest equal to the prime rate at the largest bank in Nevada, as ascertained by the Commissioner of Financial Institutions, on January 1 or July 1, as the case may be, immediatel

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Any contract or other agreement entered into or renewed by a health maintenance organization on or after October 1, 2001:
1. To provide health care services through managed care to recipients of Medicaid under the state plan for Medicaid; or
2. With the Division of Health Care Financing and Policy of the Department of Health and Human Services to provide insurance pursuant to the Children’s Health Insurance Program,
Ê must require the health maintenance organization to pay interest to a provider of health care services on a claim that is not paid within the time provided in the contract or agreement at a rate of interest equal to the prime rate at the largest bank in Nevada, as ascertained by the Commissioner of Financial Institutions, on January 1 or July 1, as the case may be, immediately preceding the date on which the payment was due, plus 6 percent. The interest must be calculated from 30 days after the date on which the claim is approved until the date on which the claim is paid.