S.D. Admin. R. 20:06:21:107
Current through Register Vol. 51, page 57, November 12, 2024
If an insurer fails to comply with § 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 § 20:06:21:105 or all requested additional information with respect to § 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.
S.D. Admin. R. 20:06:21:107
General Authority: SDCL 58-17B-4.
Law Implemented: SDCL 58-17B-4.