In that state, insurance companies are required to accept or deny the claim within 40 days after receiving proof of the claim. If the claim is accepted, payment must be made within 30 days from the date settlement was reached.How do insurance companies pay out claims?
Insurance companies pay claims in different ways. Depending on the type of claim, the amount owed, the work required, and other factors, insurance companies pay claims differently. Some insurers directly pay a contractor, for example, and that contractor performs the required work on your home.How do you file an insurance claim?
There are two ways that you can file a health insurance claim. The first way and the most convenient is when your medical services provider can submit the claim directly to the insurance company through the network directly electronically.