L&HNJmedium
Under N.J.A.C. 11:4-2, who must sign the Notice Regarding Replacement before the replacing insurer accepts the application?
AOnly the applicant
BOnly the producer
Both the producer and the applicant
DOnly an officer of the replacing insurer
Why this is the answer
N.J.A.C. 11:4-2 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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