When an individual replaces a life insurance policy, the form entitled "Important Notice Replacement of...

In Maryland, the replacement of life insurance policies requires safeguards to protect policyholders.

The Important Notice Replacement of Life Insurance or Annuities form must be signed by both the applicant and the insurance producer (B) to ensure informed consent and regulatory compliance.

The applicant only (A) does not suffice, as producer acknowledgment is essential.

The producer only (C) lacks the policyholder’s agreement.

An officer of the insurer (D) does not participate in this process.