L&HCaliforniahard
Under Ins. Code § 789.10, a California producer arranging an in-home meeting with a 72-year-old prospect to discuss life insurance or annuities must do which of the following BEFORE the meeting?
ASend the standardized Notice Regarding Replacement at least 10 days in advance, signed by both the producer and the prospect before any in-home appointment is scheduled
Provide written notice of the meeting at least 24 hours in advance, identifying the producer, license number, and product line to be discussed
CObtain prior written pre-approval for the in-home visit from the Department of Managed Health Care (DMHC) before contacting the senior
DArrange to have a California Department of Insurance examiner physically present and observing throughout the entire in-home meeting
Why this is the answer
The 24-hour in-home notice is one of California's most operationally important senior-protection rules because it changes how producers schedule appointments. The written notice must include: (1) producer's name, (2) license number, (3) business address, (4) the specific products to be discussed, and (5) the senior's right to have other persons present (a family member, attorney, or financial adviser). The Notice Regarding Replacement (b) is a different document used at application. DMHC (c) does not regulate CDI-licensed life/annuity activity. There is no requirement to have a CDI examiner present (d).
Studying for the California Life & Health exam?
This question comes from our L&H bank. Take a free practice test — no signup.