L&HMAhard
A Massachusetts-domiciled life insurer's filed policy form references both M.G.L. c. 175 §144 and the MA Replacement Regulation. Which 211 CMR citation should appear for the replacement framework?
211 CMR 34.00
B211 CMR 40.00
C211 CMR 52.00
D211 CMR 71.00
Why this is the answer
The Massachusetts Replacement Regulation governing life insurance and annuities is codified at 211 CMR 34.00, adopted under M.G.L. c. 175 §204. Section 144 is the nonforfeiture statute and does not govern replacement.
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