When a Medicare supplement insurance policy is being replaced, who must sign the notice of replacement?

• A. The applicant and the beneficiary
• B. The insurer
• C. The applicant
• D. The producer and the applicant

Answer: (D)

When replacing a Medicare supplement policy, the person selling the policy must ensure the applicant acknowledges and understands the replacement. The notice of replacement is required to be signed by the producer (the agent) and the applicant. This pairing confirms that the agent has explained the replacement options, compared benefits, costs, and implications, and that the applicant consents to the change. The insurer’s signature isn’t required on this notice, and the beneficiary’s signature isn’t needed for the replacement itself. The producer’s signature protects the consumer by showing the agent completed the necessary disclosure and guidance.