Naic Model Replacement Regulation National Association Of Insurance Commissioners


Definition of "Naic: 1984 model replacement regulation national association of insurance commissioners"

Model state law of the NAIC that requires the insurance agent who is replacing the policy to: give the policyholder a replacement notice; forward a signed copy of the replacement notice to the replacing insurance company; and forward copies of all sales proposals made to the policyholder. Model also requires the agent who is making a conservation effort to provide the policyholder and insurance company a copy of all materials associated with that effort.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Storekeepers Liability Insurance

Coverage for bodily injury and property damage liability resulting from ownership, use, and/or maintenance of the insured business's premises, complet ...

Nonsmoker

Health characteristic considered by an insurer underwriting an applicant for life or health insurance. Many insurance companies charge reduced premium ...

Personal Catastrophe Insurance

Excess coverage over the first layer of medical insurance to provide for catastrophic medical payments. The first layer may be either group or individ ...

Annuity Unit

Share of a variable dollar annuity paid to an annuitant as an income payment. ...

Per Person Limit

Maximum amount that an insurance company will pay under a liability insurance policy for bodily injury incurred by any single person as a result of an ...

Estate Planning

Procedure for accumulating, conserving, and distributing personal wealth. In essence, estate planning focuses on enhancement of the value of an estate ...

Popular Real Estate FAQ

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or running your seaworthy vessel. Boats, and other water ...

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report and obtain medical assistance if needed. 3.- L ...

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and your home, you need to safeguard it with the prope ...

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your agent\'s help, may speed things along. ...

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Guest passenger liability helps protect you bodily in ...

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you own and the reasons to protect them. The year of ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Down Payment: Everything You Wanted to Know Luxury Real Estate Forecast Furnished Rental Tips for Real Estate Investors How to Buy a House Quickly What is a Credit Score and How Does it Impact Real Estate?

FAQ

What is a mortgagee? I need Hospital Insurance in addition to my current health insurance policy? What is an inspection? What is a gift letter? What is the difference between a real estate broker and a real estate agent?