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Montana Laws and Rules Exam Questions Already 100% Answered
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Montana Laws and Rules Exam Questions Already 100% Answered
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Montana Laws and Rules Exam QuestionsAlready 100% Answered
In Montana a written fee arrangement is required for? - ✔✔Consultants
All of the following may be paid a fee for consulting except? - ✔✔Producers
A producer must complete 24 hours of continuing education every two years. This
includes - ✔✔1 hour of state law and 3 hours of ethics
Cash value loans may charge a maximum rate of interest of - ✔✔8%
Which of the following is a requirement for Medicare supplement policies sold in
Montana? - ✔✔Guaranteed renewable
Any reciprocal insurer formed under federal tax laws must be operated by a? -
✔✔Attorney in fact
John the producer splits the commission from a sale with another producer. This
commission spilt must be paid from the? - ✔✔Office account
Producers are required to complete continuing education every 2 years to renew
their license. How many of these credit hours must include state law updates? -
✔✔1
, The commissioner must inspect the record of each insurer authorized to do
business in Montana at least once every ? - ✔✔5 years
A ? Insurer is one domiciled in another state - ✔✔Foreign
In Montana what is the commissioner authorized to do? - ✔✔Enforce state
insurance laws
Usual reasonable and customary and list of indemnities related to an insurers ? -
✔✔Explanation of benefits
What does the guaranty fund actually guarantee? - ✔✔Claims will be paid by
insurers
The difference between the value of collateral and the balance owed on a debt is
covered by? - ✔✔Gap insurance
In Montana what is the maximum amount of credit life insurance that may be
sold? - ✔✔Equal to the balance owed on the debt
After an insured has filed a claim an insurer has ? Days to respond to the claim -
✔✔30
Credit life insurance must be sold as? - ✔✔Term life
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