Insurance Regulation
Which conduct appears among the acts section 2601 lists as an unfair claim settlement practice?
Answer and explanation
Answer: B. Among the acts listed in section 2601 are misrepresenting policy provisions, failing to acknowledge claim communications promptly, failing to adopt reasonable investigation standards, failing to settle in good faith where liability is clear, and forcing litigation by low offers. Proof of loss, internal review and the method of payment are ordinary claim handling.Source: N.Y. Ins. Law § 2601 — § 2601(a)
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