Once an insurer and insured agree on the amount of a covered loss, the insurer must tender payment within how many calendar days?
a.15 calendar days
b.40 calendar days
c.60 calendar days
d.30 calendar days
Explanation
Under 10 CCR §2695.7(h), once the amount due is determined and not in dispute, payment must be tendered within 30 calendar days. Fifteen days is the acknowledgment deadline, and 40 days is the accept-or-deny deadline.
Law Reference: 10 CCR §2695.7(h)This topic, taught in full in the California Property & Casualty Broker-Agent guide. California Property & Casualty Broker-Agent Study Guide — 2026 Edition — PDF + EPUB, $24.99 · 14-day refund →
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