Question

During the course of a Medicare supplement sale, T the producer determines there is an existing policy being replaced. Which of these actions is T NOT required to perform?

A. Notify the replaced insurance company
B. Give the insured a written replacement notice
C. Submit a written replacement notice to the replacing insurance company
D. Give a list of all health policies the agent sold to applicant in the past

Answer 1

The producer is not required to give a list of all health policies they sold to the applicant in the past during a Medicare supplement sale.

Step-by-step explanation:

During the course of a Medicare supplement sale, the producer is NOT required to give a list of all health policies the agent sold to the applicant in the past.

Option A, notifying the replaced insurance company, is required as part of the replacement process to inform the company that their policy is being replaced. Option B, giving the insured a written replacement notice, is required to make sure the insured is informed about the replacement and its implications.

Option C, submitting a written replacement notice to the replacing insurance company, is also required to let the replacing company know that a policy is being replaced. However, option D is not required as it is not a part of the replacement process.