Exam DISC-RM Practice Question 241
Study guide: Exam DISC-RM
A regulator finds that an insurer, once, took 20 days to acknowledge a claim through an adjuster's oversight. Under the NAIC Unfair Claims Settlement Practices Act, when does such an act become an improper claims practice?
- A) Whenever it happens, because each late acknowledgment is a separate violation of the act
- B) Only when the claimant files a lawsuit against the insurer under the act
- C) When it is flagrant, or frequent enough to be a general business practice
- D) Only when the insurer's case reserve on the claim turns out to be inadequate
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