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Exam term

Payment of claims

The rule on who receives benefits: a death benefit goes to the designated beneficiary or, if none, the insured's estate; accrued unpaid benefits may go to either at the insurer's option; all other benefits are paid to the insured.

Lessons that use this term

  • Mandatory provisions II: claim notice, forms, proof of loss, and payment of claims New York

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  • SAFE MLO
  • SIE

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