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Within how many days must an insurer acknowledge receiving a claim in Arkansas?

  1. 15 days

  2. one week

  3. 30 days

  4. 24 hours

The correct answer is: 15 days

An insurer in Arkansas must acknowledge receiving a claim within 15 days. This ensures that the claim is promptly reviewed and processed by the insurer. Options B and D are incorrect because they do not fall within the specified time frame. Option B, one week, is equivalent to 7 days, which is less than the required 15 days. Option D, 24 hours, is a significantly shorter time frame and may not give the insurer enough time to thoroughly review the claim. Option C, 30 days, is also incorrect because it exceeds the time limit set by the state of Arkansas. Therefore, the best answer is option A, 15 days.