L&HOhiomedium
Which item must an Ohio producer personally complete and sign with the applicant whenever a proposed sale involves replacement of existing life or annuity coverage?
AA FINRA Form U-4 amendment filed with the Ohio Department of Insurance before submitting any replacement application
BAn IRS Form 1035 attestation
CAn ODI Form RC-12 rebate waiver
A Disclosure Statement identifying every existing policy and confirming the transaction is a replacement
Why this is the answer
OAC 3901-6-05 requires the producer to complete a Disclosure Statement listing each existing life or annuity contract that will be replaced, signed by both producer and applicant and submitted with the application to the replacing insurer.
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