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10/2/20

[Answer] When replacement of individual Life Insurance is involved an agent must furnish a Notice Regarding Replacement of Life Insurance to which of the following?The replacing insurer onlyThe existing insurer onlyThe applicant and replacing insurerThe applicant only

Answer: The applicant only




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When replacement of individual Life Insurance is involved an agent must furnish a Notice Regarding Replacement of Life Insurance to which of the following?The replacing insurer onlyThe existing insurer onlyThe applicant and replacing insurerThe applicant only When replacement of individual Life Insurance is involved an agent must furnish a Notice Regarding Replacement of Life Insurance to which of the following? The replacing insurer only The existing insurer only The applicant and replacing insurer The applicant only . Wed Jan 08 2020 · The Problem With Replacements . Replacing a life insurance policy is not as simple as exchanging an auto insurance policy for another. There are several factors involved … Article 8. Requirements For Replacement Of Life Insurance ... Life Insurance Replacement: Rules Laws & Regulations Article 8. Requirements For Replacement Of Life Insurance ... Life Insurance Replacement: Rules Laws & Regulations When replacement is involved a producer must do all of the following EXCEPT: A) give the applicant a notice regarding replacement of life insurance signed by the applicant and producer. B) make a list of the applicant s existing life insurance policies. C) notify the existing insurer when one of its subsidiaries will issue the replacing policy. (b) Where a replacement is involved : (1) Require from the agent with the application for life insurance or annuity: (i) a list of all of the applicant s existing life insurance or annuity to be replaced and (ii) a copy of the replacement notice provided the applicant pursuant to Section 10509.4. If replacement is involved the agent must obtain two copies of a “Notice Regarding Replacement of Life Insurance ” signed by both the agent and the...

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