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Answer :
The question regarding the time frame allowed for a mortgagee to submit a written proof of loss under a property policy is related to insurance law.
When a loss occurs under a property insurance policy, a 'proof of loss' is a formal document submitted by the policyholder or interested parties, like the mortgagee, to the insurance company. This document details the loss and the claim amount. The insurance policy usually outlines specific requirements and deadlines for submitting this proof.
Typically, property insurance policies define clear timelines for claim submissions to streamline the processing of claims.
The answer to the multiple-choice question is: A. 60 days.
This means that after being notified of a loss, the mortgagee generally has 60 days to submit the written proof of loss to the insurer, although the exact time frame may vary based on the specific terms and conditions outlined in the individual insurance policy. It is crucial for the mortgagee to comply with these timelines to ensure that the claim is processed, and any potential recovery is not jeopardized.
If you have a specific insurance policy in question, it is advisable to review that document or consult with the insurance provider to get precise information relevant to the policy.
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