Questions: The provision which REQUIRES an insurer to pay benefits immediately upon receipt of an acceptable written proof of loss submitted by an insured is A. time of payment of claims. B. notice of claim. C. claim forms. D. proof of loss.

The provision which REQUIRES an insurer to pay benefits immediately upon receipt of an acceptable written proof of loss submitted by an insured is

A. time of payment of claims.
B. notice of claim.
C. claim forms.
D. proof of loss.
Transcript text: [BRIDGE P8 The provision which REQUIRES an insurer to pay benefits immediately upon receipt of an acceptable written proof of loss submitted by an insured is A. time of payment of claims. B. notice of claim. C. claim forms. D. proof of loss. Help Comment Time]
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Solution

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The answer is the first one (A): time of payment of claims.

Explanation for each option:

A. Time of payment of claims: This provision requires the insurer to pay benefits immediately upon receipt of an acceptable written proof of loss submitted by the insured. This is the correct answer because it directly addresses the timing of the payment once the proof of loss is received.

B. Notice of claim: This provision requires the insured to notify the insurer of a claim within a certain period. It does not address the timing of the payment of benefits.

C. Claim forms: This provision requires the insurer to provide the insured with the necessary forms to file a claim. It does not address the timing of the payment of benefits.

D. Proof of loss: This provision requires the insured to submit a written proof of loss to the insurer. While it is related to the process, it does not specify the timing of the payment of benefits.

Summary: The provision that requires an insurer to pay benefits immediately upon receipt of an acceptable written proof of loss submitted by an insured is the "time of payment of claims."

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