How long does an insurance company hold previously they must pay cheque out on a go insurance claim?
I'd like to know if there's a tenet or rule (especially in California) about the time between the death and the energy insurance payout.
Answers:
Here is a link to the California Department of Insurance website specifically relating to claims giving issues:
Other Answers:
A reputable company will pay inwardly 10 days of recieveing the death warrant. However, if there is anything quesitionable (murder by the beneficiary, suicide, etc) they will bottleneck it.
Check near the California Dept of Insurance (may be called Insurance Commissioner) Insurance companies are allowed time to investigate, however they enjoy to comply with state law and regulations Hi-
If it is after the 2 year incontestability period, afterwards a reputable company should take 2 weeks at most. If it is during the first two years of insurance, the insurance company have a right to delay to investigate.
If you enjoy a complaint I would recommend going to www.insurance.ca.gov