New York A09265 authorizes penalties for subcontractors failing to meet health care claim settlement standards.

New York A09265 amends the insurance law to authorize penalties for subcontractors of insurers or organizations that fail to adhere to standards for prompt, fair, and equitable settlement of health care claims. The superintendent can impose penalties on these subcontractors, and can double the penalties if the insurer or organization is found to have engaged in a pattern of non-compliance. The act applies to health care claims submitted after its effective date.

New York A09265 authorizes penalties for subcontractors failing to meet health care claim settlement standards.

New York A09265 amends the insurance law to authorize penalties for subcontractors of insurers or organizations that fail to adhere to standards for prompt, fair, and equitable settlement of health care claims. The superintendent can impose penalties on these subcontractors, and can double the penalties if the insurer or organization is found to have engaged in a pattern of non-compliance. The act applies to health care claims submitted after its effective date.