California Insurance Code & EthicsQuestion 76 of 716
Under California life replacement regulations, the replacing insurer must send the existing insurer a copy of the replacement notice (and any sales material used) within how many working days of receiving the application?
a.3 working days
b.1 working day
c.20 calendar days
d.10 working days
Explanation
Under California's replacement regulations (10 CCR §§2534+ / §10509.4), the replacing insurer must notify the existing insurer within a specified window after the application is received — generally within 5 working days for notice and within 10 working days for copies of sales material — to allow conservation efforts.
Law Reference: Cal. Ins. Code §10509.4This topic, taught in full in the California Life & Health Insurance Producer Exam guide. California Life & Health Insurance Producer Exam — Complete Study Guide (2026) — PDF + EPUB, $19.99 · 14-day refund →
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Related questions on this topic
- California's annuity suitability rules require an insurer or producer recommending an annuity to a consumer to have reasonable grounds to believe the recommendation is suitable based on:
- An agent intentionally writes incorrect age on a senior's life insurance application to qualify the applicant for a better rate class. Which of the following best describes the violations?
- Soliciting or transacting insurance under a fictitious name (DBA) requires:
- An agent's appointment with a particular insurer is terminated for cause. The insurer must notify the Commissioner of the termination and the reasons:
- The maximum administrative penalty per act under §790.035 for a willful unfair or deceptive practice may be up to:
- California's replacement regulations apply when:
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PrepPass team · Verified against California Life & Health Insurance License Exam · How we review
Reviewed by John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verify)