Question

In addition to taking the first premium when delivering a policy for which application was originally taken without a first payment, the producer must also__________.

Answer 1

Answer:

Explanation:

In addition to taking the first premium when delivering a policy for which application was originally taken without a first payment, the producer must also determine whether or not the sale of a life insurance policy or annuity will replace an existing policy or annuity, and obtain a signed statement from the applicant in either case. This statement is sent with the application to the insurer.