Marketing & Unfair Claim Practices
Under the Texas prompt-payment law, an insurer must acknowledge receipt of a claim not later than:
Answer
The 15th day after receiving notice of the claim
TIC Chapter 542 requires the insurer to acknowledge the claim, begin investigation, and request needed items within 15 days of receiving notice (the 30th business day for an eligible surplus lines insurer).
Source: Tex. Ins. Code §542.055(a)
Not the answer
- The 90th day
- The next renewal
- The 60th day
Practice this
The Texas All-Lines Adjuster exam is 150 questions and takes 105 correct — 70% — to pass. The app’s page carries a free ten-question test drawn from the same bank, marked as you go.
Take the free practice test