L&HMAmedium
Under 211 CMR 34.00, who must sign the Notice Regarding Replacement before the replacing Massachusetts insurer accepts the application?
Both the producer and the applicant
BOnly the applicant
COnly the producer
DOnly an officer of the replacing insurer
Why this is the answer
211 CMR 34.00 requires the Notice Regarding Replacement to be signed by both the producer and the applicant, documenting that the replacement disclosure was actually made and acknowledged before the application is submitted.
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