State RegulationsFL specificDifficulty 1/5
Under Florida law, when does a life insurer's obligation to settle a death claim arise?
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Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
Under Fla. Stat. 627.461, settlement of a life claim is due upon receipt of due proof of death and surrender of the policy - Florida sets no fixed statutory day count from the date of death. Interest accrues on lump-sum proceeds from receipt of the written death certificate under Fla. Stat. 627.4615, which gives insurers an incentive to pay promptly without an arbitrary deadline.
Why the other options are wrong
- A) Probate closure is not a precondition; the contract pays on due proof of death and policy surrender.
- C) Florida has no fixed statutory day count for life claim settlement; the trigger is proof of death plus surrender.
- D) No written demand is required; the obligation arises from the contract once proof and surrender occur.
Memory hook
Proof plus surrender triggers payment - no day count.