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