Nevada AB52 revises provisions relating to the payment of claims under policies of health insurance.

Nevada AB52 revises provisions relating to the payment of claims under policies of health insurance. It mandates that health insurers and administrators must approve or deny claims within specific timeframes, with penalties for non-compliance. Insurers must pay interest on late claims unless delayed by extraordinary circumstances. The bill also requires annual reporting on compliance and establishes procedures for claim resolution and dispute challenges. It applies these requirements uniformly to all health insurers, including fraternal benefit societies and managed care organizations.

Nevada AB52 revises provisions relating to the payment of claims under policies of health insurance.

Nevada AB52 revises provisions relating to the payment of claims under policies of health insurance. It mandates that health insurers and administrators must approve or deny claims within specific timeframes, with penalties for non-compliance. Insurers must pay interest on late claims unless delayed by extraordinary circumstances. The bill also requires annual reporting on compliance and establishes procedures for claim resolution and dispute challenges. It applies these requirements uniformly to all health insurers, including fraternal benefit societies and managed care organizations.