There is a newer version
of
this Section
2017 New Jersey Revised Statutes
TITLE 17B - INSURANCE
Section 17B:30-32 - Overdue capitation payment.
Universal Citation: NJ Rev Stat § 17B:30-32 (2017)
17B:30-32 Overdue capitation payment.
7. a. Payment of a capitation payment to a health care provider shall be deemed to be overdue if not remitted to the provider on the fifth business day following the due date of the payment in the contract, if: the health care provider is not in violation of the terms of the contract; and the health care provider has supplied such information to the insurer as may be required under the contract before payment is to be made.
b. An overdue payment shall bear simple interest at the rate of 10% per annum.
L.1999,c.155,s.7.
Disclaimer: These codes may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
