L&HNJmedium
When taking a replacement application in New Jersey, what list must the producer obtain from the applicant under N.J.A.C. 11:4-2?
AA list of the applicant's outstanding mortgages, auto loans, and revolving credit accounts maintained with any lender
BA list of every employer the applicant has had in the past 10 years
CA list of the applicant's prior health insurance claims
A list of all existing life insurance and annuity contracts that may be affected by the transaction
Why this is the answer
N.J.A.C. 11:4-2 requires the producer to obtain from the applicant a written list of every existing life insurance and annuity contract that may be replaced or otherwise affected, which then drives notice to each named existing insurer.
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