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Montana Laws and Rules Exam Study Questions Already 100% Answered
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Montana Laws and Rules Exam Study Questions Already 100% Answered
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Montana Laws and Rules Exam Study QuestionsAlready 100% Answered
why would the insurance commissioner examine the records of an insurance
company - ✔✔to determine the solvency of the company
to terminate an agent's appointment an insurance company must - ✔✔send
termination notice to the texas dept of insurance
as a condition for a loan a bank requires the borrower to purchase credit
insurance from a specific company. what is the bank guilty of? - ✔✔coercion. a
creditor who requires a debtor to obtain insurance from a particular company is
guilty of coercion
an employee is covered under a company group life plan with a $50,000 death
benefit. what is the maximum amount a spouse may be insured for under this
program? - ✔✔$25,000
how long can a cash surrender value payment be deferred by the insurance
company under the nonforfeiture law? - ✔✔6 months. a company shall reserve
the right to defer payment of any cash surrender value for a period of six months
an insurer is not required to provide information on fraudulent claims if
requested by
attorney general - ✔✔INSURED.
, in texas regarding the suicide clause is true when - ✔✔an insurer may not use
suicide as a defense against payment after the second year.
every 12 months after the initial enrollment period an hmo must hold an open
enrollment period of - ✔✔31 days
an example of an unfair claims settlement practice is - ✔✔turning down a
claim without providing the basis of denial
which of the following is not included in a life insurance illustration -
✔✔company's mortality table
a domestic insurance company in texas is considered a company that - ✔✔is
incorporated and formed in Texas
during a sales presentation for a participating life insurance policy an agent must -
✔✔make a prospect understand that dividends are not guaranteed
how long does an insurance company appointment remain in force? - ✔✔until
terminated or withdrawn
extended term - ✔✔not required in life insurance policies
the phrase transacting business includes - ✔✔collecting premiums
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