Montana insurance - Study guides, Class notes & Summaries

Montana Insurance Laws + Rules Practice Questions and Answers |100% Pass Who would be most likely to apply to the commissioner for a nonresident license? - Answer- Individual licensed in another state and who resides in that state What does a viatical settlement involve? - Answer-The sale of a life insurance policy In Montana, the _________ reviews and approves the insurance continuing education courses. - Answer-Comissioner A _________ insurer is one domiciled in another state. - Answer...

A Surplus Lines Producer may collect a fee from the Insured to fund the Surplus Lines Advisory Board. This fee is known as the? - stamping fee An inducement to purchase an insurance policy is: Select one: ation ing - rebating A nonresident producer licensed in Montana may sell: Select one: insurance that is otherwise lawfully sold in the state of Montana. those types of insurance that the producer could have sold in the producer's state of residence. - only those types of insurance ...

Under the freedom of choice act an insured is able to choose their own doctor in which health plan?Answer - Stock or mutual indemnity plan not-for-profit insurer which offers insurance only to its members is called a ?Answer - Fraternal benefit society A commissioner must give at least a ? Day notice prior to holding a hearing on a license revocation or suspensionAnswer - 10 What is the continuing education requirement for an individual holding a limited lines credit license?Answer ...

A Surplus Lines Producer may collect a fee from the Insured to fund the Surplus Lines Advisory Board. This fee is known as the? - stamping fee An inducement to purchase an insurance policy is: Select one: ation ing - rebating A nonresident producer licensed in Montana may sell: Select one: insurance that is otherwise lawfully sold in the state of Montana. those types of insurance that the producer could have sold in the producer's state of residence. - only those types of insurance ...

A Surplus Lines Producer may collect a fee from the Insured to fund the Surplus Lines Advisory Board. This fee is known as the? - stamping fee An inducement to purchase an insurance policy is: Select one: ation ing - rebating A nonresident producer licensed in Montana may sell: Select one: insurance that is otherwise lawfully sold in the state of Montana. those types of insurance that the producer could have sold in the producer's state of residence. - only those types of insurance ...

Violations of social norms, such as wearing dark clothing and having numerous tattoos are referred to as: - Answer deviant Fabria's house recently burned down. As a result she lost all of her possessions and because she did not carry insurance she has no way to replace her belongings. She currently lives in a shelter where she spends most of her time alone, depressed, distressed, and withdrawn from others. Why would Fabria NOT be diagnosed with depression? - Answer Judgments of abnor...

An insurance company is domicilied in Montana and transacts insurance in Wyoming. Which term best describes the insurer's classification in Wyoming? -:- Foreign -a foreign insurer is domiciled in one state and transacts in another state What is domestic insurer? -:- Domiciled and sells in domiciled stated What is an alien insurer? -:- Domiciled in one country and sells in another country All other factors being equal, the least expensive first-year premium payment is found in -:- A...

Insurance policies ensures that after a loss proceeds will go to the correct answer: Beneficiary What do individuals use to transfer their risk of loss to a larger group? correct answer: insurance An individual applies for a life policy. Two years ago he suffered from a head injury from an accident, so he cannot remember parts of his past, but is otherwise competent. He has also been hospitalized for drug abuse, but does not remember this when applying for insurance. The insurance issues...

NCCT Practice Test 2 Billing and Coding Test Questions With Correct Answers (Graded) An organization which provides a wide range of services for a specified group at a fixed periodic payment is termed an A. Individual Contract B. HMO C. Conversion Privilege D. Exclusive Provider Organization - Answer HMO TBSA refers to: A. Relative Blood Value B. Tuberculosis Test C. Total Blood & serum analysis D. Total Body Surface Area - Answer Total body surface area There are two types of CPT co...

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...