Montana Insurance Laws + Health Questions
In Montana, if an expecting mother is hospitalized for a cesarean birth, how many hours of hospital
coverage is required ️96 hours
A whole life insurance policyowner does not wish to continue making premium payments. Which of the
following enables...
Montana Insurance Laws + Health Questions
In Montana, if an expecting mother is hospitalized for a cesarean birth, how many hours of hospital
coverage is required ✔️96 hours
A whole life insurance policyowner does not wish to continue making premium payments. Which of the
following enables the policyowner to sell the policy for more than its cash value ✔️Life settlement
contract
The individual who provides general medical care for a patient as well as the referral for specialized care
is know as a ✔️primary care physician
Y purchased $100,000 worth of permanent protection on himself and $50,000 worth of 10-year Term
coverage for his wife on the same policy. Which of these policies did Y purchase? ✔️A Whole Life Policy
with an Other Insured Rider
How long must a licensed administrator keep their records? ✔️5 years
A policyowner's rights are limited under which beneficiary designation? ✔️Irrevocable
The insurer's appointment letter must be filed with the commissioner within ____ days. ✔️15
The difference between the value of collateral and the balance owed on a debt is covered by ✔️Gap
insurance
All of these statements concerning Settlement Options are true, EXCEPT: ✔️Only the beneficiary may
select
Which of the following situations does a Critical Illness plan cover? ✔️Leukemia
(Correct.) Leukemia is a type of cancer and would be covered under a Critical Illness plan.
, How long is a temporary license in effect for? ✔️90 days
Under a Guaranteed Renewable health insurance policy, the insurer ✔️May cancel the policy for
nonpayment only
What type of renewability guarantees premium rates and renewability? ✔️noncancellable
What does the insuring agreement in a life insurance contract establish? ✔️An insurer's basic promise
Which of the following does social security not provide benefits for? ✔️dismemberment
S would like to use dividends from her life insurance policy to purchase paid-up additions. All of these
would be factors that determine how much coverage can be purchased EXCEPT ✔️beneficiary's age
Which of the following is true if the owner of an IRA names their spouse as beneficiary, but then dies
before any distributions are made? ✔️The account can be rolled into the surviving spouse's IRA
A medical information report may disclose which of the following? ✔️Prior use of marijuana
Why is an applicant's signature required on a life insurance application? ✔️To attest that the
statements on the application are accurate to the best of the applicant's knowledge
When an insured changes to a more hazardous occupation, which disability policy provision allows an
insurer to adjust policy benefits and rates? ✔️Change of occupation provision
A life insurance arrangement which circumvents insurance interest statues is called ✔️Investor-
Originated Life Insurance
Giving an applicant something of value not stated in the insurance contract as an inducement to
purchase a policy is known as ✔️Rebating
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