According to South Carolina insurance Code, which of the following MUST a producer do when replacing a Life Insurance policy?

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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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