Life Insurance - Industry

 

Advisory Notice Released: May 18, 2020

Delay in Claim Payment for Death Certificate with Pending Cause of Death

The Department of Insurance has received a request for assistance from the North Carolina Office of the Chief Medical Examiner with inquiries they receive regarding life insurance companies that may unnecessarily be delaying payment on life insurance claims. The delay appears to be related to death certificates with a cause of death documented as “pending.” This advisory reminds insurers of their obligation to pay death benefits as required by law.

The Advisory Notice applies to insurance companies authorized for life insurance and accidental death coverage, including Property and Casualty companies authorized for accidental death coverage.

Delay Claim Payment for Death Certificate with Pending Cause of Death

 

Advisory Notice Released January 18, 2019

A notice providing information on the coverage Limitations and Exclusions under the North Carolina Life and Health Guaranty Association Act,

Guaranty Association Advisory Notice