Question 3037 of 316 · California Life-Only Agent Exam
After receiving proof of claim, an insurer must accept or deny the claim in whole or in part within how many calendar days under the Fair Claims Settlement Practices Regulations?
Exactly one answer is correct.
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Correct answer to question 3037
- A: 40
Explanation
The regulation requires acceptance or denial within 40 calendar days after proof of claim. If more time is needed, written notice is required, and again every 30 days.
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