Mr. Johnson, a Texas insurance agent, is replacing an annuity for Mrs. Benson. He presents the...

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Mr. Johnson, a Texas insurance agent, is replacing an annuity for Mrs. Benson. He presents the notice regarding replacement electronically. Both Mrs. Benson and Mr. Johnson sign the notice electronically after he reads it to her. Does Mr. Johnson or the insurer have any further responsibilities regarding the notice regarding replacement? OA) Yes, the insurer must file the notice with the Texas Department of Insurance. OB) Yes, the insurer must have Mrs. Benson come to its office and sign a paper copy of the notice, and the insurer must give Mr. Benson a copy of the signed notice. C) Yes, the insurer must mail a copy of the notice to Mrs. Benson no later than the 3rd business day after the date the insurer receives the application. OD) No, the agent and the insurer's duties with regard to replacement of Mrs. Benson's annuity are fulfilled. 4 Mr. Johnson, a Texas insurance agent, is replacing an annuity for Mrs. Benson. He presents the notice regarding replacement electronically. Both Mrs. Benson and Mr. Johnson sign the notice electronically after he reads it to her. Does Mr. Johnson or the insurer have any further responsibilities regarding the notice regarding replacement? OA) Yes, the insurer must file the notice with the Texas Department of Insurance. OB) Yes, the insurer must have Mrs. Benson come to its office and sign a paper copy of the notice, and the insurer must give Mr. Benson a copy of the signed notice. C) Yes, the insurer must mail a copy of the notice to Mrs. Benson no later than the 3rd business day after the date the insurer receives the application. OD) No, the agent and the insurer's duties with regard to replacement of Mrs. Benson's annuity are fulfilled. 4

Answer rating: 100% (QA)

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