MONTANA CASUALTY LAWS EXAM
2024/2025 WITH 100% ACCURATE
SOLUTIONS
What can casualty licensees sell? - Precise Answer ✔✔-Liability
-Work Comp
-Employer's Liability
-Crime Insurance
-Prepaid legal insurance
-Vehicle Insurance
Can casualty producers sell Title, Ocean Marine, or Inland Marine? -
Precise Answer ✔✔No!
1896 MT Surety Law - What does surety insurance include? What does
it guarantee against? - Precise Answer ✔✔Surety Includes:
-Contract Bonds & Fidelity Bonds
Guarantees Against:
-Check forgery
-Loss of valuable papers, docs., money, precious metals, jewelry,
watches, or gems
-Damage to the bank's premises caused by criminal activity
, MT Drivers must have one of the following: - Precise Answer ✔✔(a)
Split Limit auto liability insurance with liability limits of at least:
25/50/20
-$25K bodily injury per person
-$50K bodily injury per occurrence
-$20K property damage per occurrence
OR
(b) Single Limit policy with at least $70K
OR
(c) Indemnity bond in the amount of at least $70K
OR
(d) Certificate of insurance issued by the Insurance Dept.
What doesn't need auto liability insurance? - Precise Answer ✔✔-
Government vehicles
-Tractors or other vehicles only incidentally operated on public roads
-Motorcycles
Which insurance must we offer to help others protect against uninsured
motorists that may potentially cause a big loss? - Precise Answer
✔✔Uninsured motorist coverage. Gives them the option to purchase
25/50 bodily injury coverage.
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