Florida Life and Health Insurance License Practice Test

What documents must an agent submit during the replacement of an existing life insurance policy?

1. A new insurance application

2. Notice to existing and replacing insurer of intentions

3. A cancellation request form

4. Proof of existing insurance coverage

The correct answer is: Notice to existing and replacing insurer of intentions

During the replacement of an existing life insurance policy, an agent must submit a notice to both the existing insurer and the replacing insurer to inform them of their intentions. This is important to ensure that both insurers are aware of the change and can coordinate the transfer of the policy. The other options mentioned, such as a new insurance application, cancellation request form, and proof of existing insurance coverage, may also be involved in the replacement process, but they are not the primary documents required.