How long does an insurance company have to respond to a settlement demand?

My attorney sent a "settlement demand" to an insurance company of the driver who caused an accident I was injured in. I am wondering how long that insurance company has to either accept or deny that demand. Anyone know?

Asked By: Harassed - 9/29/2006
Best Answer - Chosen by Asker
The Insurance Company always has the upper hand whether it be medical or car... More
Answered By: HarleyMan - 9/29/2006
Additional Answers (3)
A settlement demand is nothing more than a letter from the attorney asking for some amount of money. It depends on the insurance company but the one I worked for would ignore any settlement demands. If an injured party decided to hire a lawyer it was going to court and that was it. My personal opinion was that by... More
Answered By: spc_rice - 9/29/2006
It varias from company to company. Some states have laws that state the maximum time period given to insurance companies to respond to a settlement.
Answered By: 2insure4less - 9/29/2006
ask the insurance company
Answered By: cornucopia - 10/2/2006
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