MT PROPERTY & CASUALTY INSURANCE EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS
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MT PROPERTY & CASUALTY INSURANCE
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MT PROPERTY & CASUALTY INSURANCE
MT PROPERTY & CASUALTY INSURANCE EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS
The Commissioner must examine an insurer at least every ____ years - Precise Answer 5 years
____ max fine per violation of violation of cease and desist orders; each day costs as a new violation - Precise Answer $1...
MT PROPERTY & CASUALTY INSURANCE EXAM 2024/2025 WITH 100%
ACCURATE SOLUTIONS
The Commissioner must examine an insurer at least every ____ years -
Precise Answer ✔✔5 years
____ max fine per violation of violation of cease and desist orders; each
day costs as a new violation - Precise Answer ✔✔$1,000
____ is the maximum aggregate fine of violating cease and desist orders
- Precise Answer ✔✔$10,000
what is the maximum fine for violating a provision of the law code or
regulations - Precise Answer ✔✔$25,000
what is the maximum fine for producers and adjusters for violating the
insurance code - Precise Answer ✔✔$5,000
what is the minimum age to obtain a producer's license - Precise Answer
✔✔18 years old
producers license may be reinstated within ___ months with payment of
fees and completion of continuing education requirements - Precise
Answer ✔✔12 months
, The Commissioner may issue a temporary producer license for a
maximum of ____ days to a surviving spouse, business partner, or
employee if a producer dies, becomes disabled, or is called to active
military service - Precise Answer ✔✔90 days
The violation of the Insurance Code for nonresident producer penalties
will result in a fine up to $____ for each violation - Precise Answer
✔✔$50,000
nonresident license may be revoked or suspended for up to ______ years
- Precise Answer ✔✔5 years
what is the total continuing education hours required for each two-year
licensing period - Precise Answer ✔✔24 credit hours
includes 3 hrs of ethics
additional 1 credit hr on changed in MT insurance statutes and
administrative rules
Premium finance charges may not be greater than ___ annually - Precise
Answer ✔✔21%
The fine for acting as a producer or adjuster is ______ (without a
license) - Precise Answer ✔✔$5,000
Noice of appointment of producer must be filed with the Commissioner
within _____ days - Precise Answer ✔✔15 days
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