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Montana Laws and Rules Exam Questions Already 100% Answered
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Montana Laws and Rules ExamQuestions Already 100% Answered
Any license revoked by the commissioner a ? Time is revoked for life -
✔✔second
A ? Insurer is one permitted to do business in Montana - ✔✔Authorized
? Is the illegal practice of using false or incomplete policy comparisons to
induce policy replacement - ✔✔Twisting
An insurer may not make contributions to which of the following? -
✔✔Political campaign
How long is a temporary license in effect for? - ✔✔90 days
- ✔✔Conversion privilege
How does the Montana insurance commissioner attain this position? -
✔✔An election
Who has the authority to revoke a producer appointment letter? - ✔✔Insurer
, Which of the following is a requirement for group health policies - ✔✔
Under the freedom of choice act an insured is able to choose their own doctor in
which health plan? - ✔✔Stock or mutual indemnity plan
not-for-profit insurer which offers insurance only to its members is called a ?
- ✔✔Fraternal benefit society
A commissioner must give at least a ? Day notice prior to holding a hearing on
a license revocation or suspension - ✔✔10
What is the continuing education requirement for an individual holding a limited
lines credit license? - ✔✔5 hours every 2 years
What is the purpose of the viatical settlement act? - ✔✔Assist policy
owners who would like to sell their life insurance policies prior to death
What does a viatical settlement involve? - ✔✔The sale of a life insurance policy
In Montana which of the following is not required to be covered by insurers? -
✔✔Anorexia
The premium charged for limited lines credit insurance is excessive if the insurer
does not pay out at least ? Of premiums earnes - ✔✔50%
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