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Are there laws that say how long an insurance company has to pay an accidental death claim?
Wiki User
∙ 13y ago
In general, yes. Most state have adopted their own version of a uniform law having to do with the time within which claims must be paid (promulgated by the National Association of Insurance Commissioners). Depending upon the jurisdiction, it may be contained within a body of statutes called the Claim Settlement Practices Act (or name of similar import). While it may not deal specifically, or only, with policies of this type, it may well include them.
Laws of this type require insurers to promptly investigate claims, and in the absence of factual or coverage questions, pay claims within a stated period (frequently, 30 days). If questions do arise as to the validity of the claim, the insurer must notify the insured/beneficiary within a stated period of time of the question(s). The statutes generally also provide a mechanism by which to ask for the intervention of the state insurance regulator.
Naturally, the policyholder or beneficiary may also resort to the courts by filing suit. However, other efforts should be exhausted before doing that.
Wiki User
∙ 13y ago
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Can you claim accidental death benefits with an unknown cause of death?
It may be challenging to claim accidental death benefits with an unknown cause of death since the circumstances cannot be clearly defined as accidental. Insurance companies typically require a clear cause of death to process a claim. You may need to provide additional evidence or documentation to support your claim.
Can the insurance company deny a life insurance claim on a policy that has been held for 20 years if the toxicology reports determine that death was caused by an OD?
If the policy was an accidental death policy, probably. Accidental death usually relates to accidents on common carriers such as a plane, train, automobile,or bus. An OD would not be considered an accidental death.
What companies provide insurance for accidental death and dismemberment?
There are many companies that provide insurance for accidental death and dismemberment. This includes companies such as American General Life Insurance Company.
How long does it take for an insurance company to pay for an accidental death?
After filing a claim it should not take more than 30 days. They just need time to find out if it were an accicdent.
What is the difference between accidental death life insurance and regular life insurance?
Usually the only difference between accidental death life insurance and regular life insurance is the name, although sometimes an accidental death life insurance will pay out more money if the death is accidental.
What companies offer accidental death insurance?
"There are many different insurance companies out there, such as MetLife and American General, that offer accidental death insurance. The best way to find accidental death insurance is to contact insurance companies that provide life insurance and contact them for the rates and the terms that the insurance will be paid out should an accidental death occur."
What services does Stonebridge Life Insurance Company offer?
The Stonebridge Life Insurance Company offers whole life and term insurance, accident and hospital coverage, accidental death insurance and dental insurance.
Which life insurance company was paid the death claim of benazir bhutto?
alico
Union Fidelity Life Insurance Company Accidental Death Insurance policy that I have Need to obtain copy of insurance policy?
Call 1-800-621-0393
What does deces mean in English?
'Assurance Deces' is a French term which translates into English as 'Death Insurance'. Death insurance is a common form of insurance taken out to protect against life events such as accidental death. This policy covers areas such as accidental death. Should the claim against the policy be accepted, the policy would be paid to the benefactor. Depending on the issuer or the policy, depends on the level of premium.
How do you file a claim for life benefits?
You contact the insurance company, fill up the claim form and submit documents like proof of death, proof of relationship etc and then the insurance company will process your claim and settle the money
Where can one get dismemberment insurance for accidental death?
Accidental Death and Dismemberment insurance is often referred to as AD&D. Such insurance policies can be purchased online. State Farm Insurance offers this type of policy.
