California Insurance Code & EthicsQuestion 31 of 158
After receiving a complete proof of loss for a residential property claim, an insurer must accept or deny the claim, in whole or in part, within how many calendar days?
a.15 days
b.21 days
c.30 days
d.40 days
Explanation
Title 10 CCR §2695.7(b) requires the insurer to accept or deny a claim, in whole or in part, within 40 calendar days after receiving proof of claim. The deadline may be extended only for reasons beyond the insurer's control with written notice every 30 days thereafter.
Law Reference: CCR Title 10 §2695.7(b)Practice all 158 questions free — no signup required.
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