- (a) The insurer shall inform its field representatives or other personnel responsible for compliance with this chapter of the requirements of this chapter.
- (b) The insurer shall require as part of a completed application for life insurance or annuity a statement signed by the applicant as to whether the proposed insurance or annuity will replace existing life insurance or annuity.
Cross References
This section cited in 31 Pa. Code § 90c.3 (relating to replacement questions for life insurance).