Question

Which of the following statements BEST describes what the Legal Actions provision of an Accident and Health policy requires?

1) An insured must settle a claim within 60 days after Proof of Loss is submitted
2) An insured must wait at least 30 days after Proof of Loss has been submitted before a lawsuit can be filed
3) An insured must wait at least 60 days after Proof of Loss has been submitted before a lawsuit can be filed
4) An insured must settle a claim within 30 days after Proof of Loss is submitted

Answer 1

The Legal Actions provision of an Accident and Health policy requires the insured to wait at least 60 days after Proof of Loss has been submitted before a lawsuit can be filed.

Step-by-step explanation:

The Legal Actions provision of an Accident and Health policy requires the insured to wait at least 60 days after Proof of Loss has been submitted before a lawsuit can be filed. This means that the insured must give the insurance company a reasonable amount of time to investigate the claim and attempt to resolve it before taking legal action.