Are you looking for the correct answer to the question “According to South Carolina insurance Code, which of the following MUST a producer do when replacing a Life Insurance policy?”? If that’s the case, you don’t have to worry anymore. Azanswer team is here with the right answer to your question. Please check below to know the answer.
According to South Carolina insurance Code, which of the following MUST a producer do when replacing a Life Insurance policy?
Notify the beneficiaries of all the policies or annuity contracts proposed to be replaced
Notify the insurer whose policy is being replaced, but not the insurer replacing the policy
Submit to the replacing insurer a list of all Life Insurance policies or annuity contracts proposed to be replaced
Forward the signed and completed Disclosure Statement to the replacing insurer and not provide the applicant with a copy
Answer: Submit to the replacing insurer a list of all Life insurance policies or annuity contracts proposed to be replaced.
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