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11 NCAA 12 .1502×REQUIREMENTS FOR USE OF CFA FORM 1450 (UB92) (a) Effective January 1, 1995, the CFA Form 1450 (UB92) shall be the standard claim form for all manual billing by institutional health
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The 1502 requirements for use of refer to the reporting requirements for certain conflict minerals outlined in section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Companies that use conflict minerals in their products are required to file the 1502 requirements.
To fill out the 1502 requirements, companies must conduct due diligence to determine the source of their conflict minerals and report this information to the Securities and Exchange Commission (SEC).
The purpose of the 1502 requirements is to promote transparency and awareness regarding the use of conflict minerals from the Democratic Republic of the Congo and surrounding areas, in order to prevent funding of armed groups.
Companies must report on their due diligence efforts, the source of the conflict minerals, and any measures taken to mitigate the risk of funding armed groups.
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