The bill mandates the Superintendent of Insurance to establish rules that set a specific timeframe for health insurance carriers to input information about approved providers into their payment systems. It requires that health insurance carriers assess and verify the qualifications of a provider within thirty calendar days of receiving a complete credentialing application. If the carriers fail to load the provider's information within this timeframe, they are obligated to reimburse the provider for covered health care services rendered after the application date, provided the provider meets certain criteria, including having no license sanctions and maintaining professional liability insurance.

Additionally, the bill introduces a new section to the Short-Term Health Plan and Excepted Benefit Act, detailing the requirements for provider credentialing and reimbursement processes. It stipulates that the Superintendent shall approve no more than two forms of credentialing applications and allows for provisional credentialing for one year. The rules will also ensure that health insurance carriers must notify applicants within ten working days if additional information is needed and will establish a process for resolving disputes related to reimbursement and credentialing delays. Overall, the bill aims to streamline the credentialing process and ensure timely reimbursement for providers.