Question 10033 of 324 · Texas Life, Accident and Health Agent Exam
Prompt payment of claims laws in Texas require insurers to
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Correct answer to question 10033
- A: acknowledge claims, request information and accept or reject claims within set time limits
Explanation
The insurer must acknowledge the claim, begin investigating and request needed items within 15 days of notice (542.055), accept or reject within 15 business days after receiving all items (542.056), and pay within 5 business days after acceptance (542.057). A violation can lead to 18 percent interest and attorney's fees (542.060).
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