[Answer] It is the responsibility of the producer at the time of application to establish if replacement is involved in the transaction. If it is a replacement transaction the producer is required to: do which of the following?Read the Notice Regarding Replacement out loud to the applicant (unless the applicant rejects that right in writing) and leave a copy with the client.Advise the prospective insured to take a policy loan on the cash valueAdvise the insured to cancel their existing policy immediatelyNot ask the prospective insured such a personal question

Answer: Read the Notice Regarding Replacement out loud to the applicant (unless the applicant rejects that right in writing) and leave a copy with the client.

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It is the responsibility of the producer at the time of application to establish if replacement is involved in the transaction. If it is a replacement transaction the producer is required to: do which of the following?Read the Notice Regarding Replacement out loud to the applica...

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