Texas insurance refund laws

What are state laws regarding refunds? An insurance carrier shall request a refund within 2days from the date of service or days from completion of an audit performed in accordance with §133. Insurance Carrier Audit of a Medical Bill), whichever is later, when it determines that inappropriate health care was previously reimburse or when an overpayment was made for health care provided. If 1days have lapsed from the date payment was receive no refund is due.

Carriers must first send a written refund request before automatically recouping money.

After days, if the carrier does not receive the refund or a written appeal, it can recoup the payment. The prompt pay provisions would apply to out-of-state physicians. Connecticut Life and Health Insurance Guaranty Association.

In addition to applicable federal law , many states have laws regarding consumer refunds. Often, refund policies must be prominently displayed at the place of purchase in order to be valid. Many states, in addition to the protections of the federal Cooling-Off Rule, allow consumers to rescind club memberships or other special sales contracts within a specified number of business days. Insurer must provide days notice to the provider.

Notice must include specific information about the payment.

Search Insurance Laws. A physician, hospital, or other health care provider that receives an overpayment from an enrollee must refund the amount of the overpaymen. The refund credit for the gap waiver agreement can be rounded to the nearest whole dollar.

Texas Insurance Code Sec. Flat cancellation within days. Refund credit less than $not required. If the borrower cancels the gap waiver. Read the code on FindLaw.

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or vi. Rounding of unearned insurance premium. A refund credit is not required if the amount of the refund credit is less than $1.

Alaska has no specific laws addressing return and refund issues, although its legislation does include statutes offering other protections. For example, sellers may not claim merchandise is “new. In adopting rules under this section, the commissioner shall consider the reasonable needs of the public and the operations of the insurers.

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The average relief check will be $10 the company said.