South Dakota § 58-17-25 Time of payment of claims--Provision required in policy.

South Dakota Statutes

§ 58-17-25 — Time of payment of claims--Provision required in policy.

South Dakota·Title 58 INSURANCE·Ch. 58-13 HEALTH INSURANCE POLICIES

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 immediately upon receipt of due written proof of such 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 termination of liability will be paid immediately upon receipt of due written proof."

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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 immediately upon receipt of due written proof of such 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 termination of liability will be paid immediately upon receipt of due written proof."

South Dakota § 58-17-25 (Time of payment of claims--Provision required in policy.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.