What is the death claims approval process?
This is a multistep claims approval process required by the Order Approving the Liquidation Plan. Payment is also, to some extent, dependent on the response time from the Funeral Home. In summary, the steps for claims processing are: 1) Claims are submitted to the Special Deputy Receiver, the servicing agent for the guaranty associations, verified as complete and processed by the claims staff in compliance withthe Liquidation Plan. 2) The processed claims are then submitted to the applicable Insurance Guaranty Association for approval.3) The Insurance Guaranty Association notifies the servicing agent that the claim is approved. 4) The servicing agent then sends notice of the claim approval and forms to the Funeral Home either by fax, email or mail. 5) Upon receipt of the fully executed and completed forms from a funeral home, the servicing agent sends a funding request to the applicable state Insurance Guaranty Association.6) The applicable state Insurance Guaranty Association funds pa
