State

Nevada

Late Payment Due Date

45 days

Late Payment Percentage

Interest: The prime rate at the largest bank in Nevada, as ascertained by the Commissioner of Financial Institutions, on January 1 or July 1, as the case may be, immediately preceding the date on which the payment was due, plus 6 percent

NEVADA REVISED STATUTES

NRS 616C.136  Action by insurer on bill from provider of health care; payment of interest; request for additional information; compliance with requirements. 

Statute or Regulation Text

NRS 616C.136 Except as otherwise provided in this section, if the bill for accident benefits is not paid within that period, the insurer shall pay interest to the provider of health care at a rate of interest equal to the prime rate at the largest bank in Nevada, as ascertained by the Commissioner of Financial Institutions, on January 1 or July 1, as the case may be, immediately preceding the date on which the payment was due, plus 6 percent. The interest must be calculated from 45 calendar days after the date on which the bill is received until the date on which the bill is paid.