L&HNJhard
N.J.A.C. 11:4-2's disclosure, notice, and recordkeeping architecture most closely tracks which NAIC model regulation?
ANAIC Model 275 — Suitability in Annuity Transactions, addressing producer suitability duties
BNAIC Model 580 — Life Insurance Illustrations
CNAIC Model 641 — LTC Producer Training
NAIC Model 613 — Life Insurance and Annuities Replacement Model Regulation
Why this is the answer
N.J.A.C. 11:4-2 mirrors NAIC Model 613, the Life Insurance and Annuities Replacement Model Regulation, in defining replacement, requiring the Notice Regarding Replacement signed by producer and applicant, notice to existing insurers with a certified copy, and a 5-year recordkeeping minimum.
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