What replacement rules govern the sale of life and health insurance?

What replacement rules govern the sale of life and health insurance?

• A. Replacements require disclosures, form submissions, and adherence to guidelines to protect consumers; improper replacement is prohibited.
• B. Replacements are unregulated.
• C. Replacements require only verbal notification.
• D. There are no replacement rules for life and health insurance.

Answer: (A)