Question: F . S . 6 2 7 . 7 0 1 3 1 ( 1 ) provides certain conditions that an insurer must meet upon
FS provides certain conditions that an insurer must meet upon receipt of a claim. These include which of the following?
a The insurer must review and acknowledge receipt of the claim within days unless the insurer has already made payment or the insurer cannot respond due to conditions beyor
b Within working days after an insurer receives proof of loss, the insurer must begin investigation as may be necessary unless the insurer cannot do so due to conditions beyond
c Whin days of receiving notice of a supplemental property claim, the insurer must either pay the claim or deny the claim.
d Claims that are not paid within days after the insurer receives notice must bear interest at a rate established by the ORR.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
