1.1.................... moves to amend H.F. No. 3073 as follows:
1.2Page 7, after line 6, insert:
1.3 "Sec. 10. Minnesota Statutes 2012, section 65B.54, subdivision 2, is amended to read:
1.4 Subd. 2.
Interest on overdue payments. Overdue payments shall bear simple
1.5interest at the rate of 15 percent per annum.
Once an obligor has denied benefits from a
1.6specific provider, made a blanket denial of a type of benefits, or issued a general denial of
1.7benefits, interest is due on all overdue benefits within the scope of the denial, regardless
1.8of whether the insured or provider continues to provide ongoing proof of the fact and
1.9amount of each additional loss incurred."
1.10Renumber the sections in sequence and correct the internal references
1.11Amend the title accordingly