Question 11008 of 287 · Texas Life, Accident and Health Agent Exam
In Texas, a life insurance replacement occurs when
Exactly one answer is correct.
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Correct answer to question 11008
- B: a new policy is purchased and an existing policy is lapsed, surrendered, or otherwise terminated or reduced
Explanation
The replacing agent must give the applicant a notice about replacement and a list of policies to be replaced.
More questions: Texas Law: Life Insurance Only
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