California-Specific RulesQuestion 65 of 158
Under the Fair Claims Settlement Practices Regulations, which set of deadlines is correct?
a.Acknowledge within 15 days, accept or deny within 40 days of proof, pay agreed amount within 30 days
b.Acknowledge within 30 days, accept or deny within 60 days of proof, pay within 60 days
c.Acknowledge within 5 days, accept or deny within 21 days of proof, pay within 14 days
d.Acknowledge within 10 days, accept or deny within 90 days of proof, pay within 45 days
Explanation
10 CCR §2695.5(e)(1) requires acknowledgment of a claim within 15 calendar days; §2695.7(b) requires acceptance or denial within 40 calendar days of receiving proof of claim; and §2695.7(h) requires tender of payment within 30 calendar days of agreement on the amount due. Memorize 15/40/30 — these California-specific deadlines are tested repeatedly.
Law Reference: 10 CCR §2695.5(e)(1); §2695.7(b); §2695.7(h)Practice all 158 questions free — no signup required.
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