Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
031 - BUREAU OF INSURANCE
Chapter 845 - STANDARDS FOR MINIMUM INTEREST PAYMENTS TO HEALTH CARE PROVIDERS ON OVERDUE CLAIMS
Section 031-845-3 - Exceptions
Current through 2024-38, September 18, 2024
A. Provided interest is paid at least annually, nothing in this rule prohibits a health insurance carrier and a provider or group of providers who are paid on a capitated basis from contracting for minimum interest payments and payment periods that differ from the minimum requirements in section 2 of this rule.
B. Provided interest is paid at least annually, nothing in this rule prohibits a health insurance carrier from contracting with a hospital for minimum interest payments and payment periods that differ from the parameters described in section 2 of this rule.
C. The Superintendent may grant exceptions, for good cause, to the minimum interest payment and payment period requirements of section 2 of this rule. Requests for exceptions must be signed by both the health insurance carrier and the affected health care provider. A request for an exception is not required for contracts negotiated pursuant to section 3A and 3B of this rule.
