When must life insurance benefits be paid after receiving proof of loss in Connecticut?

In Connecticut, life insurance benefits must be paid within 30 days after the insurer receives proof of loss. This regulation ensures that beneficiaries receive financial assistance in a timely manner, which is crucial during a difficult period following the death of a loved one. The prompt payment requirement is designed to uphold consumer protection standards and maintain trust in the insurance system.

This time frame reflects a balance between allowing the insurer to conduct any necessary reviews or investigations into the claim while also preventing undue delays for the beneficiaries who may be relying on these funds. The other provided time frames do not align with the state's regulatory expectations for the prompt payment of life insurance benefits, either being shorter or longer than the established 30-day period.