Montana laws and rules Study guides, Class notes & Summaries

Test Bank for Law and Ethics in the Business Environment 9e 9th Edition by Terry Halbert, Elaine Ingulli. Full Chapters test bank included CHAPTER 1 Law, Ethics, & Business: An Introduction Freedom versus Responsibility: A Duty to Rescue? Yania v. Bigan (Pennsylvania, 1959) Justifying the “No Duty to Rescue” Rule ■ John Stuart Mill, “On Liberty” Radical Change? ■ Steven J. Heyman, “The Duty to Rescue: A Liberal-Communitarian Approach” Podias v. Mairs (New Jersey, 200...

The Board Of Realty Regulation Consists of how many members and how are the members appointed? - ANS 7 members and are appointed by the governor What are the Civil and Criminal Penalties for those engaging in real estate without a license? - ANS Guilty of a misdemeanor First Offense will be fined b/t $100-$500 or imprisoned for 90 days or BOTH Subsequent Offense will be fined b/t $500-$2,000 or imprisoned for 6 months or BOTH What is the Real Estate Recovery Account? - ANS -Within...

The Commissioner enforces and executes the duties imposed by the - ANS Insurance Code. All certificates and licenses issued by the Commissioner must bear the Commissioner's seal. The Commissioner and any person they appoint/employ may not be financially interested, directly or indirectly, in any insurer, insurance agency, or insurance transaction except - ANS as a policyholder or claimant under a policy. If the unfair or deceptive practice has not been discontinued, the Commissioner m...

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Montana Insurance Laws and Regulations Exam Questions With Correct Verified Answers A+ Graded policy loans must be available on permanent policies after premiums have been paid for ____ years 3 producers must report insurance fraud to the commissioner within ____ days 60 Which is a nonprofit corporation that provides prepaid health care to members? Health Service Corporation the commisoner must hold a public hearing within ___ days upon written demand by any person 30 ...

Montana Laws and Rules Exam Questions Already 100% Answered

Montana Laws and Rules Exam Study Questions Already 100% Answered

Who would be most likely to apply to the commissioner for a nonresident license? - ANS Individual licensed in another state and who resides in that state What does a viatical settlement involve? - ANS The sale of a life insurance policy In Montana, the _________ reviews and approves the insurance continuing education courses. - ANS Comissioner A _________ insurer is one domiciled in another state. - ANS Foreign In Montana, health insurance companies must provide maternity cov...

What is considered the purpose of the Guaranty Association? “Protect insureds from insolvent insurers” An insurance company that has qualified and received a Certificate of Authority from the Insurance Department to sell insurance in this state is called a(n): “Authorized insurer” Replacing an insurance policy from one insurer to another based on misrepresentation is called: “Twisting” An insurance company that is owned and controlled by stockholders is what k...

Montana Laws, Rules, and Regulations with 100- correct answers