Georgia Rules and Codes Pertinent to Life Insurance Only
What must accompany each completed Georgia application for life insurance or an annuity?
Answer and explanation
Answer: C. Rule 120-2-24-.06(2) requires with or as part of each completed application a statement signed by the applicant as to whether the proposed insurance or annuity will replace existing life insurance. The rule does not require the existing policy, an agent-prepared comparison, or prior approval as the accompanying item.Source: Ga. Comp. R. & Regs. r. 120-2-24-.06 — 120-2-24-.06(2), Signed replacement statement
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