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Listed below are a number of statements relating to the timing of claim payment: 1. The insurer is obligated by provincial and territorial insurance law

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Listed below are a number of statements relating to the timing of claim payment: 1. The insurer is obligated by provincial and territorial insurance law to pay a ciaim within 30 days of receiving evidence that satisfies that the claim is payable 2. Under the terms of the policy there is no entitlement to interest on an unpaid claim 3. Many insurers pay interest for at least some of the time after death and before the benefit is paid 4. The death benefit under a segregated fund (individual variable insurance contract (IviC)) must be calculated after death. 5. The death benefits under ivic contracts can go up or down in value depending on market performance and other variable factors Which of the above statements are correct? Select one: a. They are all correct b. 3,4&5 c. 1,28,5 d. 1,3&4

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