Question 7010 of 303 · California Life-Only Agent Exam
When replacing a life policy, what must the replacing insurer typically do?
Exactly one answer is correct.
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Correct answer to question 7010
- B: Notify the existing insurer of the replacement
Explanation
Notice to the existing insurer gives it a chance to offer a conservation response. The procedure protects the consumer.
More questions: Policy Replacement and Cancellation
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- 7005A replacement of life insurance occurs when