State RegulationsAZ specificDifficulty 2/5
When an Arizona life insurer specifies a settlement period, the maximum period is measured from:
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Answer & full 3-part explanation (select an option above, or peek)
Why D is correct
A.R.S. 20-1215 keys the maximum settlement period, not more than 2 months, to the insurer's receipt of due proof of loss. The trigger is the insurer's receipt of the documents it needs, not the death date, so delays in filing proof correspondingly shift the settlement deadline. Producers who help beneficiaries file proof quickly are really helping speed the money.
Why the other options are wrong
- A) the date of death is not the measuring point; due proof controls.
- B) the issue date fixes contestability and premium timing, not settlement.
- C) the grace period concerns premium payment and is unrelated to claim settlement timing.
Memory hook
Two months from proof, not from death.