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Montana Insurance Laws + Rules Exam Study Questions Already 100% Answered
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Montana Insurance Laws + Rules ExamStudy Questions Already 100%
Answered
A ________ account is NOT acceptable producer bank account that would contain
collected premiums. - ✔✔Office
The commissioner must give at least __ days notice prior to holding a hearing on
a license revocation or suspension. - ✔✔10
Giving an applicant something of value not stated in the insurance contract as an
inducement to purchase a policy is known as - ✔✔Rebating
How long must a licensed administrator keep their records? - ✔✔5 years
A credit life policy has a maximum duration of - ✔✔Life of the loan
Any license revoked by a commissioner a _________ time is revoked for life. -
✔✔Second
_______ is the illegal practice of using false or incomplete policy comparisons to
induce policy replacement. - ✔✔Twisting
Who has the authority to revoke a producer's appointment letter? - ✔✔Insurer
, Which of these is BOT required to be covered by a group health plan? -
✔✔House cleaning
A ________ _______ provides a general understanding of the issues when
purchasing life insurance. - ✔✔Buyer's guide
What is required by an insurer to release confidential information about an
insured to a third party? - ✔✔Written consent of the insured
A producer must complete 24 hours of continuing education every two years. This
includes - ✔✔1 hour state, 3 hours ethics
The insurer's appointment letter must be filed with the commissioner within
______ days. - ✔✔15
If an individual is covered under an Accidental Death Policy and dies, an autopsy
can be performed in all these situations except - ✔✔When the state
prohibits this by law
T applied for a Disability Income policy and has a history of back injuries. The
insurer issued the policy with a statement that excludes coverage for back
injuries. This statement is called a(n) - ✔✔Impairment rider
Which of the following products requires a Limited Lines Credit license in order
to sell? - ✔✔Gap insurance
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