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Montana Laws and Rules Exam Study Questions Already 100% Answered $12.49   Add to cart

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Montana Laws and Rules Exam Study Questions Already 100% Answered

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  • Laws And Rules

Montana Laws and Rules Exam Study Questions Already 100% Answered

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  • September 5, 2024
  • 6
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Laws and rules
  • Laws and rules
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Montana Laws and Rules Exam Study Questions
Already 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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