Code of Massachusetts Regulations
211 CMR - DIVISION OF INSURANCE
Title 211 CMR 42.00 - The Form And Contents Of Individual Accident And Sickness Insurance
Section 42.08 - Requirements for Replacement
Current through Register 1531, September 27, 2024
(1) Application forms must contain a question to elicit information as to whether the insurance to be issued is to replace any other accident and sickness insurance currently in force. A supplementary application or other form to be signed by the applicant containing such a question may be used.
(2) An agent or carrier soliciting the sale, upon determining that the sale would involve replacement, must furnish to the applicant, at the time of taking the application, or before the policy is issued, the notice described in 211 CMR 42.99. A copy of the notice must be left with or retained by the applicant and a signed copy must be retained by the carrier.
