Question
Following Tonys untimely death, the executor of his estate initiates the claim for his life insurance benefit and provides adequate evidence to the insurer that
Following Tony’s untimely death, the executor of his estate initiates the claim for his life insurance benefit and provides adequate evidence to the insurer that the claim is payable. However, the beneficiaries of the policy dispute one another’s claim to the benefit and take the case to the courts. Which of the following CORRECTLY describes how the insurer may proceed?
The insurance company may pay the benefits into court. | ||
The insurance company may pay the benefit within 60 days. | ||
The insurance company may deny the claim based on the beneficiary dispute. | ||
The insurance company may pay the benefit to the executor who will determine the rightful beneficiary. |
Step by Step Solution
3.48 Rating (145 Votes )
There are 3 Steps involved in it
Step: 1
Answer The insurance company may pay the benefit within 60 d...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get StartedRecommended Textbook for
Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
Students also viewed these Finance questions
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
View Answer in SolutionInn App