Section 18.03.04.012 - DUTIES OF AGENTS AND BROKERS01.Statement Submitted to Insurer. Each agent or broker who initiates the application submits to the insurer to which an application for life insurance or annuity is presented, with or as part of each application: a. A statement signed by the applicant as to whether replacement of existing life insurance or annuity is involved in the transaction; andb. A signed statement as to whether the agent or broker knows replacement is or may be involved in the transaction.02.Notice to Applicant. Where a replacement is involved, the agent or broker will: a. Present to the applicant, not later than at the time of taking the application, a "Notice Regarding Replacement" in the form as described on the DOI website, or other substantially similar form approved by the Director. The notice is signed by both the applicant and the agent or broker and left with the applicant.b. Obtain with or as part of each application a list of all existing life insurance and/or annuities replaced and properly identified by name of insurer, the insured and contract number. If a contract number has not been assigned by the existing insurer, alternative identification, such as an application or receipt number, is listed.c. Leave with the applicant the original or a copy of written or printed communications used for presentation to the applicant.d. Submit to the replacing insurer with the application a copy of the replacement notice provided pursuant to Subsection 012.02.a.03.Conservation. Each agent or broker who uses written or printed communications in a conservation will leave with the applicant the original or a copy of such materials used.Idaho Admin. Code r. 18.03.04.012