Final answer:
In PA, the replacing insurer must follow insurance regulations by notifying the existing insurer of a replacement within a certain time frame, typically from a few days to several weeks after the new policy application is completed.
Step-by-step explanation:
In Pennsylvania (PA), the replacing insurer must notify the existing insurer of a replacement within a specified time frame depending on the regulation. This is part of insurance regulation, which ensures that the policyholder's interests are protected during the replacement of one insurance policy with another.
The exact time frame may vary, but typically, the requirement would be to notify the existing insurer within a few days to several weeks from the date that the application for the new policy is completed. The replacing insurer needs to adhere to this notification period to ensure compliance with insurance regulations and to provide a smooth transition for the policyholder. Failure to do so can lead to regulatory issues and potential disadvantages for the policyholder.