When an insurer issues a policy that replaces a policy of another company, which of the following does the replacing insurer NOT need to do?

a. The replacing insurer must give the insured an expanded free look provision of 20 Days.

b. The replacing insurer must send a Buyers Guide to the applicant.

c. The replacing insurer must send the existing insurer a notice of intent to replace the existing policies describing the insured and the intended policies to be replaced.

d. The replacing insurer must send a policy comparison to the insured, showing the similarities and differences between the existing policy and the replacement policy.

Answer: D

Insurance

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