Final answer:
An Arizona insurer must pay a first party claim once all necessary information is received. Failure to do so can result in penalties. However, the exact time frame may vary depending on the insurance policy.
Step-by-step explanation:
An Arizona insurer must pay a first party claim once it has received all the necessary information to process the claim. According to the Arizona Revised Statutes, insurance companies are required to promptly investigate and pay covered claims. Failure to do so can result in penalties and fines.
For example, if an insured person submits a claim for an auto accident and the insurer has received all the required documents and information such as the accident report, proof of damages, and medical bills, the insurer must make the payment within a reasonable timeframe.
However, it's important to note that the exact time frame for payment may vary depending on the specific circumstances and terms outlined in the insurance policy. It is recommended to review the policy language and consult with legal professionals for specific guidance.