Arizona Life and Health Practice Exam

How soon must a health insurer provide a proof of loss form following the receipt of a notice of loss?

1. 10 days

2. 15 days

3. 30 days

4. 60 days

The correct answer is: 15 days

The requirement for a health insurer to provide a proof of loss form after receiving a notice of loss is set at 15 days. This regulation ensures that insured individuals can promptly submit the necessary documentation to support their claims, thereby facilitating timely processing and resolution of claims. The 15-day timeframe is designed to strike a balance between giving insurers enough time to process the notice while ensuring that claimants are not left waiting excessively long, reflecting the importance of quick claims handling in the insurance industry. This swift response is crucial for policyholders, as it helps them to maintain clarity in the claims process and encourages timely submission of supporting documentation, ultimately aiding in the efficient payment of claims.