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Montana Life Insurance Exam 2025 Real Exam Questions And Answers ( 100% ACCURATE) GET IT RIGHT!!

Rates must be filed with the commissioner of insurance ______ days before a form is used - 60 days The commissioner must examine an insurer at least every ____ years? - 5 years Guaranty Association - A state mandated association of all insurance companies designed to protect consumers from impaired or insolvent companies. All insurers that provide direct life and disability insurance policies or annuity contracts are required to be members. Minimum age to obtain a producer's licen...

Montana Life Insurance Exam Questions with 100% Verified Correct Detailed Answers latest update 2025 An administrator: --- correct precise answers ---Collects premiums or adjusts or settles claims in connection with life, disability, property, or casualty insurance, or annuities, and must have a certificate of registration. A consultant: --- correct precise answers ---Must be licensed to examine, review, or evaluate insurance policies or annuity contracts for a fee Fraternal Benefit Soc...

Written reports must be filed within ____ days of an examination: - 60 days A company has ___ days to submit a rebuttal to a commissioner: - 30 days An individual producer acting as an agent of an insurer MUST - be appointed by the insurer. The appointment of a producer is - perpetual until canceled by the insurer Adhesion - written only by one party, and the other side must adhere or stick to it Aleatory- - meaning that the value received from the contract by each party may be unequal. O...

Define "rebating" - unlawful act of offerring rebate of premiums payable, any special favor in dividends or other benefits, or any valuable consideration or inducement not specified in the policy. Define "twisting" - The act of making or issuing any written or oral statement misinterpreting or making incomplete comparisons as to the terms, conditions, or benefits, contained in any policy for the purpose of inducing/tending to induce the policyholder to lapse, forfeit, surrender...

Montana Life Insurance Exam 2024 Questions and Answers 100% Correct Rates must be filed with the commissioner of insurance ______ days before a form is used - Answer- 60 days The commissioner must examine an insurer at least every ____ years? - Answer- 5 years Guaranty Association - Answer- A state mandated association of all insurance companies designed to protect consumers from impaired or insolvent companies. All insurers that provide direct life and disability insurance policies or a...

Montana life and health final exam questions and answers Which of the following is true about most blue cross blue shield organizations? - Answer- They are non profit organizations Which of the following is not included in hospitalization expense coverage - Answer- Surgical fees A policy of adhesion may only be modified by who? - Answer- The insurance company Which of the following is not included in an annuity contract? - Answer- AD&D rider An insurer must provide an insured with claim ...

Montana Life Insurance Examination Actual Questions With Revised Correct Answers & Updated Already Passed Rates must be filed with the commissioner of insurance ______ days before a form is used - ANSWER : 60 days The commissioner must examine an insurer at least every ____ years? - ANSWER : 5 years Guaranty Association - ANSWER : A state mandated association of all insurance companies designed to protect consumers from impaired or insolvent companies. All insurers that provide...

Montana life and health final exam questions and answers Which of the following is true about most blue cross blue shield organizations? - Answer- They are non profit organizations Which of the following is not included in hospitalization expense coverage - Answer- Surgical fees A policy of adhesion may only be modified by who? - Answer- The insurance company Which of the following is not included in an annuity contract? - Answer- AD&D rider An insurer must provide an insured with claim ...

Montana Life Insurance Exam 2024 Questions and Answers 100% Correct Rates must be filed with the commissioner of insurance ______ days before a form is used - Answer- 60 days The commissioner must examine an insurer at least every ____ years? - Answer- 5 years Guaranty Association - Answer- A state mandated association of all insurance companies designed to protect consumers from impaired or insolvent companies. All insurers that provide direct life and disability insurance policies or a...