50 Ill. Adm. Code 2012.EXHIBIT K
K Replacement and Lapse Reporting Form
Section 2012.EXHIBIT K Replacement and Lapse Reporting Form
Long-Term Care
Insurance
Replacement and Lapse
Reporting Form
For the State of
Reporting Year of
Company Name:
Due: June 30 annually
Company Address:
Company NAIC Number:
Contact Person:
Phone Number:
Instructions
The purpose of this form is to report on a statewide basis
information regarding long-term care insurance policy replacements and lapses.
Specifically, every insurer shall maintain records for each agent on that
agent's amount of long-term care insurance replacement sales as a percent of
the agent's total annual sales and the amount of lapses of long-term care
insurance policies sold by the agent as a percent of the agent's total annual
sales. The tables below should be used to report the 10% of the insurer's
agents with the greatest percentages of replacements and lapses.
Listing of the 10% of Agents with the Greatest Percentage of
Replacements
Agent's Name
Number of Policies
Sold By This Agent
Number of Policies
Replaced By This Agent
Number of
Replacements As % of Number Sold By This Agent
Listing of the 10% of Agents with
the Greatest Percentage of Lapses
Agent's Name
Number of Policies
Sold By This Agent
Number of Policies
Lapsed By This Agent
Number of Lapses As
% of Number Sold By This Agent
Company Totals:
Percentage of Replacement Policies Sold to Total Annual
Sales
%
Percentage of Replacement Policies Sold to Policies in
Force (as of the end of the preceding calendar year)
%
Percentage of Lapsed Policies to Total Annual Sales
%
Percentage of Lapsed Policies to Policies in Force (as of
the end of the preceding calendar year)
%