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.
As added by P.L.1-1998, SEC.13.
Last modified: May 24, 2006