Final answer:
A producer must provide a replacement notice at the time of the policy sale or application. The provided details about the WARN Act are not directly connected to the insurance question.
Step-by-step explanation:
If a replacement was involved in the sale of an insurance policy, a producer must provide a replacement notice no later than at the time of the policy sale or application.
This requirement ensures that the policyholder is fully informed about the implications of replacing their existing coverage.
However, it seems that the question is mixing up two different regulations. The information provided about employers with more than 100 employees needing to provide written notice 60 days before plant closings or large layoffs relates to the Worker Adjustment and Retraining Notification (WARN) Act, which is a labor law, and not directly to insurance policy sales or replacements.
It’s important for insurance producers to comply with the regulations pertaining to their field, just as employers must comply with labor laws like the WARN Act.