Current through Register Vol. XLI, No. 50, December 13, 2024
Section 85-17-4 - Electronic Payment to Vendors4.1. Any vendor who, on or after August 1, 2021, submits an invoice for payment from one of the State-Administered Workers' Compensation Funds to the Insurance Commissioner, or the Insurance Commissioner's third-party administrator, may be required to receive payment by electronic means if required to do so by the Insurance Commissioner, State Auditor and/or State Treasurer.4.2. Any vendor who wishes to receive payment from one of the State-Administered Workers' Compensation Funds shall, if required by the Insurance Commissioner, State Auditor and/or State Treasurer, register with the State Auditor's Office to receive payment through the State's Electronic Funds Transfer (EFT) payment system, through the State's purchasing card (P-Card) program or through any other electronic means deemed acceptable. The vendor shall provide such additional information as the Insurance Commissioner, State Auditor and/or State Treasurer may require to effectuate the payments.4.3. Any vendor who does not provide the necessary information in order that payments may be made electronically or who fails to otherwise cooperate with the requirements of the Insurance Commissioner, State Treasurer or State Auditor to accept payments by electronic means, may not receive payment on any submitted invoice until such information is provided or cooperation is obtained. The Insurance Commissioner, State Auditor and/or State Treasurer may cease issuing paper checks to vendors seeking payment from the State-Administered Workers' Compensation Funds after August 1, 2021.