Montana laws and rules - Study guides, Class notes & Summaries

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

How many members are on the Board of Realty Regulation, who appoints them, and where are they located? - ANS 7 persons, the Governor, Helena What power does the board have? - ANS Subpoena documents and witnesses Issue an injunction against any licensee Reprimand a licensee Place a license on probation Suspend a license for one year Permanently revoke a license The board's rules are laws, what is the charge for violating them? - ANS A misdemeanor offense, but not a felony. ...

biological safety cabinet - Answer ventilated cabinet w/ an inward airflow for personnel protection, a downward HEPA filtered laminar airflow for product protection, HEPA filtered exhaust for environmental protection contingency kit - Answer secured kit containing those drugs which may be required to meet the short term therapeutic needs of pts w/in an institution that does NOT have an *in-house/24 hr pharmacy* -only is has to be inspecte yearly -drugs only have to be chosen by a co...

Montana Real Estate Exam Questions and Answers 100% Solved A MT broker must keep trust account records for? 8 years If a zoning ordinance conflicts with a restrictive covenant: The more limiting of the two controls Pierce has a buyer broker agreement. Pierce may legally receive a commission from? Any party with the knowledge and consent of the buyer I really state licensee should disclose known defects to the buyer in which of the following situations? In all situations Sara...

How many states allow Telephonic Notification? - correct answer20: Arizona, Colorado, Connecticut, Delaware, Idaho, Indiana, Maryland, Mississippi, Montana, Nebraska, Ohio, Oklahoma, South Carolina, Utah, Virginia, West Virginia. With specific requirements: Michigan, Pennsylvania, Vermont, New York What does substitute notice require? - correct answer1. Posting on website homepage 2. Statewide media posting 3. E-mail notice when possible What is the threshold for substitute notice in most...

Upon expiration of a residential lease, the landlord deducts from the security deposit for damages caused by the tenant. The balance of the security deposit must be returned to the tenant within how many days of the termination of the lease? - 30 Sarah is a licensed real estate broker who does not have a listing, is not a subagent of the seller And has no buyer broker agreement. Siri is an example of a: - Statutory broker Sales person has numerous listings, including several that are schedu...

The Commissioner enforces and executes the duties imposed by the - Answer 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 - Answer as a policyholder or claimant under a policy. If the unfair or deceptive practice has not been discontinued, the Commis...

MONTANA REAL ESTATE EXAM QUESTIONS AND ANSWERS, GRADED A+/ Who is not Required to have a Real Estate License - -An auctioneer employed by owner an executor of an estate (acting under court order) government employee owners or lessors of their own property Who is Required to have a Real Estate License - -broker of salesperson to negotiate sale or lease (without or without the expectation of getting paid) anyone showing someone else's property The Board - -Consists of seven people appo...