Episode Details

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The claimant is required to submit written proof of loss to the insurer within 90 days of the loss. - Insurers must pay claims for periodic payments, such as disability income, immediately upon receiving proof of loss. - For all other types of claims, like medical reimbursements, the insurer must pay promptly after receiving proof. - A claim is not automatically denied for late submission if proof is provided as soon as reasonably possible, but no later than one year. - A common exam trap is confusing the 90-day Proof of Loss provision with the 20-day Notice of Claim provision. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep