Answered

Which of the following do replacement rules apply to?

A. Whole life insurance

B. A policy used to fund an employee pension covered by ERISA

C. Credit life insurance

D. Group life insurance where there is no direct solicitation by an agent



Answer :

GinnyAnswer

Final answer:

Replacement rules in insurance apply to particular insurance scenarios to safeguard fairness and consumer protection.


Explanation:

Replacement rules in insurance apply to certain scenarios; these include situations involving credit life insurance and group life insurance without direct solicitation by an agent. These rules dictate when a new policy is issued to replace an existing one, aiming to ensure fairness and consumer protection.


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