760 IAC 1-16.1-13.5

760 IAC 1-16.1-13.5 Exhibit B; notice regarding replacement

Last amended: 2025Year: 2027Length: 204 wordsOfficial source

Cite as Ind. Admin. Code tit. 760, r. 1-16.1-13.5

Sec. 13.5. EXHIBIT B IMPORTANT NOTICE REGARDING REPLACEMENT OF LIFE INSURANCE You are thinking about DISCONTINUING or CHANGING an existing life insurance policy or annuity contract and BUYING a replacement. Your decision could be a good one – or possibly a mistake. Make sure that you understand the facts. You should: – Make a careful comparison of your existing policy and the proposed policy before you make a final decision. – Ask the company or agent that sold you your existing policy to provide you with complete information about it. – Determine what you want your insurance program to do. – Consider your present health. You may have had a change which could affect your insurability, so make sure to continue your present policy until a new policy is delivered to you and accepted by you. You have the right, within twenty days after delivery of a replacement policy, to return it to the company and to claim an unconditional refund of all premiums paid on it. Indiana Department of Insurance Regulation, 760 IAC 1-16.1 requires that the company making the replacement notify your existing insurance that you may may be replacing your existing policy. NAME OF APPLICANT EXISTING COMPANY TYPE OF PROPOSED POLICY
760 IAC 1-16.1-13.5: 760 IAC 1-16.1-13.5 Exhibit B; notice regarding replacement | Justis AI