Illinois Health Insurance Practice Exam 2025 – 400 Free Practice Questions to Pass the Exam

Question: 1 / 400

What is the time limit for filing Notice of Claims (Notice of Loss)?

10 days

15 days

20 days

The correct answer is 20 days. In Illinois, the law specifies that an insured must provide notice of a claim to the insurance company within 20 days after the occurrence or discovery of the loss. This requirement helps ensure that claims are processed in a timely manner and allows the insurer to start its investigation promptly.

The other options do not align with the requirement set forth in Illinois law. A shorter time frame of 10 or 15 days would not provide sufficient time for the policyholder to gather necessary documentation and inform the insurer, while a 30-day period exceeds the standard established for timely reporting of claims. Thus, the 20-day limit strikes a balance between promptness in reporting and reasonable time for the insured to act.

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