Exam DISC-RM Practice Question 240
Study guide: Exam DISC-RM
Under the periods in the NAIC Unfair Property/Casualty Claims Settlement Practices Model Regulation, consider this first-party claim file. The insured reported the loss to the insurer's agent on day 0. The insurer acknowledged it on day 12. A properly executed proof of loss arrived on day 30. The insurer accepted the claim and affirmed liability for an undisputed $18,000 on day 55, and paid it on day 80. It sent no letter asking for more time. Which step was late?
- A) The acknowledgment
- B) The acceptance of the claim
- C) The payment
- D) None of them
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