US Laws, Codes, Statutes & Cases

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 56
                           PROMPT PAYMENT OF CLAIMS
    41-5603.  INTEREST PAYMENTS. An insurer that fails to pay, request
additional information or documentation or deny a claim from a beneficiary,
practitioner or facility within the time periods established in this chapter
shall pay interest at the contract statutory rate pursuant to section
28-22-104, Idaho Code, on the unpaid amount of a claim that is determined to
be due and owing. The interest shall accrue from the date payment was due,
pursuant to the provisions of this chapter, until the claim is paid. Payment
of any interest amount of less than four dollars ($4.00) shall not be
required. Insurers may add any interest due to a future payment to the
beneficiary, practitioner or facility.