Establishes an office of payment monitoring within the Department of Commerce and Consumer Affairs to enforce and audit prompt payment obligations of.

The bill establishes the office of payment monitoring within the Department of Commerce and Consumer Affairs to enforce, monitor, audit, and collect data on the prompt payment obligations of health or sickness insurers. The office will proactively monitor reimbursements, enforce penalties for delayed clean claim reimbursements, and collect data on reimbursements. The governor will appoint an administrator for the office, who cannot be employed by any health or sickness insurer, claims administrator, or entity subject to the office's jurisdiction within two years of leaving the position.

Establishes an office of payment monitoring within the Department of Commerce and Consumer Affairs to enforce and audit prompt payment obligations of.

The bill establishes the office of payment monitoring within the Department of Commerce and Consumer Affairs to enforce, monitor, audit, and collect data on the prompt payment obligations of health or sickness insurers. The office will proactively monitor reimbursements, enforce penalties for delayed clean claim reimbursements, and collect data on reimbursements. The governor will appoint an administrator for the office, who cannot be employed by any health or sickness insurer, claims administrator, or entity subject to the office's jurisdiction within two years of leaving the position.