Claims & Benefits: Life and Health Insurance License Exam

Answer

The insured must provide written notice of a claim within 20 days after a loss occurs, or as soon as reasonably possible.

Answer

The insurer must furnish claim forms within 15 days of receiving notice of a claim.

Answer

Proof of loss must typically be submitted within 90 days after the date of loss, or as soon as reasonably possible.

Answer

The claimant may submit proof of loss in any written form that describes the occurrence, character, and extent of the loss.

Answer

The time of payment of claims provision requires that benefits be paid immediately upon receipt of written proof of loss, or periodically (e.g., monthly) for ongoing claims.