Periodic payments for health claims must be made at least Monthly, under an individual health policy, periodic claims payments are due at least monthly.
<h3>What is the purpose of the time of payment of claims provision?</h3>
A time of payment of claims provision states the number of days that the insurance company has to pay or deny a submitted claim. This provision is included to minimize the amount of time that a policyholder has to wait for his/her payment or for a decision about his/her claim.
With this information, we can conclude that Periodic payments for health claims must be made at least Monthly, under an individual health policy, periodic claims payments are due at least monthly.
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