When an insurer receives proof of loss for an individual health insurance policy, under the Time of Payment of Claims provision, when must the insurer pay the benefits?

Prepare for the Georgia Health Insurance Exam. Study using flashcards, multiple-choice questions, and get ready with explanations for each question. Ace your exam!

In the context of individual health insurance policies, the Time of Payment of Claims provision requires insurers to pay benefits promptly once they receive proper proof of loss. This provision is designed to ensure that claims are settled without undue delay, providing the insured with timely access to the benefits they are entitled to. The term "immediately" in this context indicates that the insurer should act without unnecessary delay, reflecting a commitment to address claims as soon as the necessary documentation is received.

The other choices specify timeframes, which do not align with the immediate requirement established under the Time of Payment of Claims provision. Thus, while there can be specific timelines for different types of insurance policies or additional state-specific regulations that may outline different time limits for payment, the key principle here is the insurer's obligation to provide payment as quickly as possible upon receiving the required proof of loss.

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