Code of Massachusetts Regulations
211 CMR - DIVISION OF INSURANCE
Title 211 CMR 34.00 - The Replacement Of Life Insurance And Annuities
Section 34.05 - Duties of Insurers
Universal Citation: 211 MA Code of Regs 211.34
Current through Register 1531, September 27, 2024
(1) Each insurer shall:
(a) inform its representatives or
other personnel responsible for compliance with
211 CMR 34.00 of the
requirements of
211 CMR 34.00; and
(b) require with or as a part of each
completed application for life insurance or annuity a statement signed by the
applicant as to whether such proposed insurance or annuity will replace
existing life insurance or annuity.
(c) provide the yield index figures requested
by the applicant pursuant to the Notice required in
211 CMR 34.04(2)(a)
when electing to provide such yield index
figures to applicants.
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