They have to issue the check within 21 days of your lawyer tendering the closing papers. "Tendering" has a legal meaning.... personal delivery or certified or registered mail, return receipt requested.
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The opposite of incentive is disincentive (penalty). Most states impose a financial penalty for dragging out payment past the 25-30 day legal interval. Insurance Companies typically pay within the allowed period because they do not want to incur penalties.
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There are a few times in the lat 500 settlements that it has taken more than 30 days. Usually 7-15 is what I see. and I agree that there are some penalties that might apply so they do not have an incentive to be late.Ask a similar question