What law states that a claim is payable at the limits of liability?

The Value Policy Law is the correct answer because it specifically provides that in certain circumstances, a claim under an insurance policy will be payable at the policy's limits of liability. This law typically applies in situations where the insured property is a total loss, meaning the insurance company will pay the full declared value of the property, without deductions for depreciation or other factors.

The law aims to simplify claims processes and ensure that policyholders receive the full amount they insured their property for at the time of loss, fostering trust in the insurance system. This provision is particularly relevant in property insurance, where the insured has taken steps to declare the value of their property upfront.

In contrast, the other options do not specifically address the conditions under which a claim would be paid at limit levels. The Standard Liability Law and Comprehensive Liability Act do not exist in a specific context related to this definition, while the General Insurance Provision is a broader category of clauses that may include various terms of coverage and underwriting but does not focus specifically on the limits of liability as outlined by the Value Policy Law.