Exemptions

Unless specifically included, this rule does not apply to transactions involving: (3-31-22) 01. Credit Life Insurance. (3-31-22) 02. Group Life Insurance or Group Annuities. (3-31-22) 03. Existing Insurer. An application to the insurer that issued the existing life insurance and a contractual change or conversion privilege being exercised; (3-31-22) 04. Binding or Conditional Receipt Issued by Same Company. Proposed life insurance that is to replace life insurance under a binding or conditional receipt issued by the same company. (3-31-22) 05. Common Ownership or Control. Transactions where the replacing insurer and the existing insurer are the same, or are subsidiaries or affiliates under common ownership or control. Provided, however, agents IDAHO ADMINISTRATIVE CODE IDAPA 18.03.04 Department of Insurance Replacement of Life Insurance & Annuities Section 012 Page 4 or brokers proposing replacement will comply with the requirements of Subsection 012.01. (3-31-22)