Montana Casualty Laws Already Verified A+
What can casualty licensees sell? ✔️-Liability
-Work Comp
-Employer's Liability
-Crime Insurance
-Prepaid legal insurance
-Vehicle Insurance
Can casualty producers sell Title, Ocean Marine, or Inland Marine? ✔️No!
1896 MT Surety Law - What does surety insurance include? What does it guarantee against? ✔️Surety
Includes:
-Contract Bonds & Fidelity Bonds
Guarantees Against:
-Check forgery
-Loss of valuable papers, docs., money, precious metals, jewelry, watches, or gems
-Damage to the bank's premises caused by criminal activity
MT Drivers must have one of the following: ✔️(a) Split Limit auto liability insurance with liability limits
of at least: 25/50/20
-$25K bodily injury per person
-$50K bodily injury per occurrence
-$20K property damage per occurrence
OR
(b) Single Limit policy with at least $70K
OR
(c) Indemnity bond in the amount of at least $70K
, OR
(d) Certificate of insurance issued by the Insurance Dept.
What doesn't need auto liability insurance? ✔️-Government vehicles
-Tractors or other vehicles only incidentally operated on public roads
-Motorcycles
Which insurance must we offer to help others protect against uninsured motorists that may potentially
cause a big loss? ✔️Uninsured motorist coverage. Gives them the option to purchase 25/50 bodily
injury coverage.
What is the Mature Defensive Driver Law? ✔️Drivers who are 55 and up can take a course from an
approved highway traffic safety program, and may receive an "appropriate" rate reduction. - We also
may give the same discount to members of the National Guard.
How often must drivers take the course to qualify for the discount associated with the Mature Defensive
Driver Law? ✔️Every 2 years.
What is Montana's Assigned Risk Plan? ✔️It requires all auto liability insurers to offer a proportional
number of polies to people who would otherwise not be able to get auto insurance.
Can we discriminate against a person solely due to information we acquired from a driving record that is
3 years or older? ✔️No!
Can we grant a "good driver discount" regardless of the age of the driving record? ✔️Yes!
Can we charge points or surcharge an auto policy because of a claim where the insured was not at fault?
✔️No!
MT's Comparative Negligence Law Situation: (#1)
Max and Betty get into a vehicular accident.
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