Common use of Incurred But Not Paid Claims Clause in Contracts

Incurred But Not Paid Claims. Claims that have been incurred but not paid (IBNP), as determined by the Department’s actuary based on Encounter Data and made available for review by Contractor, shall be included in Benefit Expense.

Incurred But Not Paid Claims. Claims that have been incurred but not paid (IBNPXXXX), as determined by the Department’s actuary based on Encounter Data and made available for review by Contractor, shall be included in Benefit Expense.