Under Ga. Comp. R. & Regs. 120-2-24, when a Georgia producer is involved in the replacement of a life insurance policy, which document must the applicant sign at the time of application?

Why this is the answer

When a life insurance replacement is involved, Georgia's replacement regulation (120-2-24-.05(2)(a)) requires the producer to present a 'Replacement Notice' that both the applicant and the producer sign. This document alerts the applicant to the financial consequences of replacing existing coverage and is a core consumer-protection element of the rule. It must be delivered at the time of application, not after issue, so the buyer can reconsider before any change occurs.