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Relating to prompt payment of claims to certain physicians and healthcare providers.
HB 1914 would update Insurance Code to specify the rules for calculating the penalty if an insurance company fails to promptly pay a claim by a physician or provider. The bill stipulates that for calculating a penalty rate would be "the contracted rate for the health care service provided by the physician or provider is the usual and customary rate for the service in the geographic area in which the service is provided."