[Answer] During the solicitation of a Life policy when must an insurer must furnish a prospective buyer with a Buyer's Guide and a Policy Summary?Seven days before the initial premium is acceptedAt the time the initial premium is acceptedWithin 10 days after the initial premium is acceptedFive days before the initial premium is accepted

Answer: Seven days before the initial premium is acceptedThis only applies if the policy does not contain "Free Look" Provision as required by law. Since all Life Insurance Policies contain a Free Look Provision by law this is a mute point. This was a regulation made before the free look requirement was imposed but the questions may still appear on the test.

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During the solicitation of a Life policy when must an insurer must furnish a prospective buyer with a Buyer's Guide and a Policy Summary?Seven days before the initial premium is acceptedAt the time the initial premium is acceptedWithin 10 days after the initial premium is acceptedFive days before the initial premium is accepted During the solicitation of a Life policy when must an insurer must furnish a prospective buyer with a Buyer's Guide and a Policy Summary? Seven days before the initial premium is accepted At the time the initial premium is accepted Within 10 days after the initial premium is accepted Five days before the initial premium is accepted Each agent who accepts an application for life insurance or annuity that involves replacement of any existing life or annuity policy must submit to the insurer : A. A Buyer's Guide B. A Notice Regarding Replacement C. All sales literature used during the solicitation D. A comparative summary of the two companies and polices involved in the ... (3) Every existing life insurer or the insurer s agent that undertakes a conservation shall within 20 days from the date the written communication plus the materials required in subdivisions (1) and (2) are received by the existing insurer furnish the policyowner with a policy summary for the existing life insurance or ledger statement ... Insurers shall provide to all prospective life insurance purchasers (except those buying annuities credit life group life or variable life ) a Buyers Guide and a Policy Summary (proposal) prior to accepting the applicant's initial premium unless the policy contains an unconditional 10 -d...

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