California Insurance Code

§ 10509.4

INS § 10509.4Div. 2 · Part 2 · Ch. 5 · Art. 8

Statute text

(a)Each agent who accepts an application shall submit to the insurer with which an application for life insurance or annuity is presented, or as part of each application, both of the following:

(1)A statement signed by the applicant as to whether replacement of existing life insurance or annuity is involved in the transaction.

(2)A signed statement as to whether or not the agent knows replacement is or may be involved in the transaction.

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Legislative history

Amended by Stats. 1991, Ch. 380, Sec. 4.