Policy Structure & ProvisionsPregunta 465 de 474
The suit against us condition provides that an insured may sue the insurer only after:
a.Complying fully with the policy terms
b.Filing a written complaint with a regulator
c.The insurer has denied the claim in writing
d.Both sides finish an appraisal of the loss
Explicación
The condition bars an action against the insurer unless the insured has complied with the policy's provisions, and it also requires suit to be brought within the period the policy states, a period fixed by the law where the policy is issued. Complaining to a regulator is a separate consumer remedy that the policy does not make a precondition, and appraisal is demanded only when the dispute is about amount.
Practica las 474 preguntas gratis — sin registro.
Own the complete Personal Lines Insurance Producer guide — PDF + EPUB, $19.99 →
Preguntas relacionadas de este tema
- Immediately after a kitchen fire, the duties after loss condition requires the insured to:
- A proof of loss filed with the insurer is best described as:
- The insured and the insurer agree the fire loss is covered but cannot agree on its dollar amount. Under the appraisal condition:
- After a covered loss, the policy's option to repair or replace allows the insurer to:
- A dry cleaner ruins a customer's coat. Under the no benefit to bailee condition, the cleaner:
- Under the loss payment condition, the insurer adjusts a covered loss with, and pays:
Última revisión: · proceso editorial
Equipo de PrepPass · Verificado con California Personal Lines Insurance License Exam · Cómo revisamos