[Answer] In Life Insurance replacing companies must keep records of all replacement materials on file for how long?5 years3 years5 years or until next regular examination by the Commissioner.3 years or next regular examination

Answer: 5 years or until next regular examination by the Commissioner

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In Life Insurance replacing companies must keep records of all replacement materials on file for how long?5 years3 years5 years or until next regular examination by the Commissioner.3 years or next regular examination Wed Jan 08 2020 · Contestability . First life insurance contracts typically include a contestability period usually two years during which if the insured dies the life insurer could contest the claim based on ... Article 8. Requirements For Replacement Of Life Insurance And Annuity Policies INSURANCE CODE SECTION 10509-10509.9 10509. The purpose of this article is the following: (a) To regulate the activities of insurers and agents with respect to the replacement of existing life insurance and annuities. Life Insurance Replacement: Rules Laws & Regulations Article 8. Requirements For Replacement Of Life Insurance ... LIFE INSURANCE AND ANNUITIES REPLACEMENT MODEL REGULATION ... Life Insurance Replacement: Rules Laws & Regulations (8) Existing life insurance that is a nonconvertible term life insurance policy that will expire in five - (5) years or less and cannot be renewed; (9) Immediate annuities that are … (2) the date of conclusion of the next regular examination conducted by the insurance regulatory authority of the existing insurer's state of domicile. (c) The existing insurer shall send a letter to the policy or contract owner regarding the owner's right to receive information regarding the existing policy or … An insurer is required pursuant to N.Y. Comp. Codes R. & Regs. tit. 11 §243.2 (1995) to retain all pertinent information on a claim for personal injury or property damage for at least 6 years after the claim is closed or after co...

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