33-15-308. Explanation of charges. A disability insurer, health service corporation, or health maintenance organization that issues policies, certificates, or contracts, that issues policies, certificates, or contracts for delivery in this state, or that renews, extends, or modifies policies, certificates, or contracts on or after October 1, 1995, shall include in the disability policies, certificates, or contracts definitions for terms that limit payment of health care services based on standards described as usual and customary, reasonable and customary, prevailing fee, allowable charges, or a relative value schedule. These definitions must inform the insured that the insured's health care provider may charge more than the limits established by the defined terms and that such additional charges may not be covered by the policy, certificate, or contract.

     History: En. Sec. 1, Ch. 173, L. 1995.