State RegulationsAZ specificDifficulty 1/5
Under A.R.S. 20-1215, if an Arizona life insurer specifies a settlement period after receiving due proof of death, the period may not exceed:
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Answer & full 3-part explanation (select an option above, or peek)
Why C is correct
Under A.R.S. 20-1215, when an Arizona life insurer specifies a period within which it will settle a death claim, the period may not exceed two months after receipt of due proof of death. The statute also directs payment according to the beneficiary designation, or to the insured's estate if none exists. This outer limit keeps beneficiaries from waiting indefinitely once proof of death is complete.
Why the other options are wrong
- A) A 30-day ceiling is stricter than the statute; A.R.S. 20-1215 allows a specified settlement period of up to two months.
- B) A one-month limit is not the statutory maximum; the insurer may specify up to two months under A.R.S. 20-1215.
- D) Six months greatly exceeds the statutory ceiling; A.R.S. 20-1215 caps any specified settlement period at two months after due proof.
Memory hook
Proof in, two months max — that's Arizona's claim-settlement clock.