760 Ind. Admin. Code 1-16.1-13.5
Authority: IC 27-1-3-7
Affected: IC 27-4-1-8
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