PSI Ohio Insurance Practice Exam

What is the maximum time allowable for an insurer to provide proof of loss forms to a claimant?

1. 30 days

2. 15 days

3. 21 days

4. 5 days

The correct answer is: 15 days

The maximum time allowable for an insurer to provide proof of loss forms to a claimant is typically set at 15 days. This timeframe is established to ensure that claimants are able to proceed with their claims without unnecessary delays, thus facilitating a smoother claims process. In the context of insurance, proof of loss is a critical document that provides the insurance company with the necessary information to assess and determine eligibility for coverage under the terms of the policy. By mandating that insurers supply these forms within a specific timeframe, it helps protect the rights of the claimant and ensures they have the tools needed to support their claims effectively. Other timeframes such as 30 days, 21 days, or 5 days are not consistent with standard practices found in many insurance agreements, where immediate access and communication are prioritized to promote efficient claims handling.