§ 34-18-6-4 Payment of claims; time for payment

Codes > Indiana Code > Title 34 > Article 18 : Chapter 6 > 34-18-6-4 Payment

34-18-6-4 Payment of claims; time for payment

    Sec. 4. (a) Claims for payment from the patient's compensation fund that become final during the first six (6) months of the calendar year must be computed on June 30 and must be paid not later than the following July 15. Claims for payment from the fund that become final during the last six (6) months of the calendar year must be computed on December 31 and must be paid not later than the following January 15.

    (b) If the balance in the fund is insufficient to pay in full all claims that have become final during a six (6) month period, the amount paid to each claimant must be prorated. Any amount left unpaid as a result of the proration must be paid before the payment of claims that become final during the following six (6) month period.