Which of these is NOT an unfair claims settlement practice - Providing claim payments to insureds under the - brainly.com (2024)

Expert-Verified Answer

No one rated this answer yet — why not be the first? 😎

Final answer:

Providing claim payments under insurance guidelines is not an unfair practice, while refusing to pay claims without investigation, compelling insureds to sue, and delaying claim processing are unfair practices.

Explanation:

The unfair claims settlement practices mentioned in the options are practices that insurance companies should not engage in when settling claims.

  1. Providing claim payments to insureds under the guidelines of the insurance contract is not an unfair claims settlement practice. It is the expected and rightful action by the insurance company.
  2. Refusing to pay claims without conducting a reasonable investigation is an unfair claims settlement practice. Insurance companies should investigate claims before making a decision.
  3. Compelling insureds to imitate a lawsuit by offering less on insurance claims is an unfair practice. Insureds should be offered fair compensation without being forced to go to court.
  4. Failing to acknowledge and act promptly with respect to insurance claims is also an unfair practice. Insurance companies should promptly acknowledge and process claims without unnecessary delays.

Learn more about Unfair claims settlement practices here:

brainly.com/question/32504262

#SPJ11

Explore all similar answers

rating answer section

Answer rating0.0

(

0 votes

)

Express your feedback with quick comments

to add comment

Which of these is NOT an unfair claims settlement practice - Providing claim payments to insureds under the - brainly.com (2024)
Top Articles
Latest Posts
Article information

Author: Errol Quitzon

Last Updated:

Views: 6223

Rating: 4.9 / 5 (59 voted)

Reviews: 82% of readers found this page helpful

Author information

Name: Errol Quitzon

Birthday: 1993-04-02

Address: 70604 Haley Lane, Port Weldonside, TN 99233-0942

Phone: +9665282866296

Job: Product Retail Agent

Hobby: Computer programming, Horseback riding, Hooping, Dance, Ice skating, Backpacking, Rafting

Introduction: My name is Errol Quitzon, I am a fair, cute, fancy, clean, attractive, sparkling, kind person who loves writing and wants to share my knowledge and understanding with you.