EstatePass
L&HMAmedium

Unless its next regular examination concludes sooner, how long must a Massachusetts replacing insurer keep evidence that it met 211 CMR 34.00?

At least 3 years
BAt least 1 year
CAt least 2 years
DAt least 10 years

Why this is the answer

211 CMR 34.06(1)(c) requires the replacing insurer to keep evidence of the notice regarding replacement, the policy summary and any ledger statements used, and evidence that every requirement was met, for at least three years or until its next regular examination concludes, whichever is earlier. The existing insurer keeps its conservation records on the same terms.

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