What is the maximum payment period for a life insurance policy death benefit in Connecticut?

Prepare for the Connecticut LAH Exam. Study with flashcards and multiple choice questions. Each question provides hints and explanations to boost comprehension. Get ready for your exam!

In Connecticut, the law stipulates that the maximum payment period for a life insurance policy death benefit is 30 days after the insurer receives proof of loss. This timeframe is designed to ensure that beneficiaries receive timely payments following the policyholder's death, which can be critical for financial stability during a challenging time.

This 30-day requirement reflects a balance between the insurer's need to process claims thoroughly and the beneficiaries' need for prompt access to the funds. By adhering to this timeframe, insurance companies demonstrate their commitment to fulfilling their contractual obligations without undue delay.

Therefore, the answer correctly identifies the legal framework that governs the payment of death benefits, aligning with Connecticut's regulations designed to protect policyholders and beneficiaries.

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