N has a disability policy and suffers a covered loss. After elimination, what is the maximum time the insurer has to make a claim payment under the Time Payment of Claims provision?

Question

Kirsten Cross

Business

22 September, 03:04

N has a disability policy and suffers a covered loss. After elimination, what is the maximum time the insurer has to make a claim payment under the Time Payment of Claims provision?

+3

Answers (1)

Know the Answer?

Esther Harmon · Answer 1

under the time payment of claims provision, the maximum time the insurer has to make payment for the claim is 60 days

Explanation:

time payment of claim provision is a provision that requires claims to nbe made within a stated days.

By legal actin provision, the insured is not allowed to take legal action against the insurer. This is due to the fact the claim legally run within 60 days. So, the maximum time frame the insured has to make a claim payment under the time payment of claim provision is 60 days