Louisiana P&C Adjuster Practice Exam

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Prepare for the Louisiana PandC Adjuster Exam. Study using flashcards and multiple choice questions, each with hints and explanations. Get ready to ace your exam!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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Settlements for covered claims should be paid within how many days of receiving proof of loss?

30 days
45 days
60 days
90 days

The correct answer is: 60 days

Settlements for covered claims are required to be paid within 30 days of receiving proof of loss, based on regulations outlined in Louisiana law. This timeline is established to ensure that policyholders receive timely compensation for their covered losses, which is fundamental to the insurance process. The prompt payment is crucial for maintaining trust and ensuring that policyholders can recover and rebuild after a loss. The timeframes specified in the other options, 45 days, 60 days, or 90 days, do not align with the regulations that govern the prompt settlement of claims in Louisiana. Therefore, the correct answer reflects the state's legal requirement, emphasizing the importance of expeditious claim handling in the insurance industry.