ARSD 20:06:21:107

ARSD 20:06:21:107. Unpaid claims

Last amended: 2010Year: 2026Length: 94 wordsOfficial source

Cite as S.D. Admin. R. 20:06:21:107

If an insurer fails to comply with ยง 20:06:21:105 or 20:06:21:106, the insurer shall pay interest at the rate of one percent per month on the amount of the claim that should have been paid but that remains unpaid 45 business days after the receipt of the claim with respect to ยง 20:06:21:105 or all requested additional information with respect to ยง 20:06:21:106. The interest payable pursuant to this section shall be included in any late reimbursement without requiring the person who filed the original claim to make any additional claim for such interest.
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