Final answer:
If an insurer fails to provide claim forms within 15 days, the insured can still submit a claim by providing the required information in written form. This helps to avoid unnecessary delays in claim processing and ensures that the insured's right to seek compensation is upheld.
Step-by-step explanation:
Under the claim forms provision of an insurance policy, if the insurer does not provide the necessary claim forms to an insured within 15 days of being notified of a covered event, the insured is generally allowed to submit the claim in any form. This means that the insured can provide the information required to file the claim in writing, detailing the occurrence, nature, and extent of the loss suffered. The onus is on the insured to submit a written notification of the loss along with any substantiating evidence needed to support the claim.
Insurers are usually required to furnish the claimant with specific forms for filing a claim against a policy benefit. However, when these forms are not provided within the specified timeframe, the insured should not suffer undue delays in claim processing. Therefore, the provision ensures insured parties maintain their right to seek compensation within a reasonable time, even in the absence of insurer-supplied forms.
These regulations are in place to streamline the claims process and to minimize the potential for delays or denials based on technicalities. Additionally, allowing claimants to proceed with a written notice helps to uphold a sense of fairness and equitability within the claims process, ensuring all parties are justly treated regardless of administrative oversights that may occur with the provision of claim forms.