AD Banker Comprehensive Practice Exam

An insured should receive necessary claim forms within how many days after notice of claim?

1. 15

2. 5

3. 10

4. 20

The correct answer is: 15

The correct answer indicates that an insured should receive the necessary claim forms within 15 days after giving notice of the claim. This timeframe is established to ensure that the insured has prompt access to the necessary documentation to initiate the claims process. Timely delivery of claim forms helps in reducing delays in processing claims, which can alleviate stress for the insured during a potentially challenging time. This timeframe is often found in various insurance regulations to promote fair treatment of policyholders by insurance companies, ensuring that they are not left waiting indefinitely after filing a claim. Adhering to this standard helps maintain efficiency in the insurance process and supports the insured in taking the necessary steps to complete their claims efficiently.