Question

"To verify if replacement is involved in a Medicare Supplement sale, insurance law requires that a question about replacement appear on?"

a) Application

b) Policy schedule

c) Declaration page

d) Premium invoice

Answer 1

Insurance law requires that a question about replacement appear on the application when selling a Medicare Supplement policy.

Step-by-step explanation:

In the context of Medicare Supplement sales, insurance law requires that a question about replacement appear on the application. This question is intended to verify if replacement is involved in the sale of a Medicare Supplement policy. By including this question on the application, insurance providers can ensure compliance with regulatory requirements and protect the interests of consumers.