Virginia Property and Casualty Practice Exam 2025 – All-in-One Comprehensive Guide for Exam Success!

Question: 1 / 400

If the insurance company requests a proof of loss on a Commercial Inland Marine claim, the insured must submit it within how many days?

A. 10

B. 30

C. 60

The appropriate timeframe for submitting a proof of loss in a Commercial Inland Marine claim is 60 days. This requirement is typically found in the policy provisions and is established to ensure that claims are processed in a timely manner, allowing the insurance company to investigate and settle the claim effectively.

Submitting the proof of loss within this timeframe is crucial for maintaining the validity of the claim and for the insured to receive any potential payouts. While the exact number of days may vary based on policy specifications or state regulations, a period of 60 days is commonly accepted as the standard in many jurisdictions, including Virginia. This understanding helps ensure that both the insurer and the insured engage in a prompt and efficient claims process.

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D. 90

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