Q1. An insured in New Jersey submits a property damage claim after a storm. The insurer requests additional documentation within 15 days, but the insured delays response for 40 days. Under NJ claims handling rules, what is the insurer's obligation regarding claim payment timing?

• ○The insurer must pay within 30 days after receiving all required documentation.
• ○The insurer must pay within 60 days of the initial claim submission regardless of documentation.
• ○The insurer can delay payment indefinitely due to incomplete documentation.
• ○The insurer must pay within 15 days after the initial claim submission.