Exam (elaborations)
MONTANA LAWS AND RULES EXAM 2024 WITH 100% CORRECT ANSWERS
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MONTANA LAWS AND RULES EXAM 2024 WITH 100% CORRECT ANSWERS
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Under the freedom of choice act an insured isable to choose their own doctor in which health
plan? - ....ANSWER >>>>Stock or mutual
indemnity plan
A producer must complete ? Hours of ethics
biennially - ....ANSWER >>>>3
Tina the insured is considering replacing her
existing life policy with a new one. The
replacing insurer is responsible for providing
to her which of the following - . ANSWER
>>>>A copy of all sales materials used by the
replacing producer plus a replacement notice
containing the name of the policy to be
replaced
, Under which statute gives the insurance
commissioner power to regulate insurance
transactions? - ....ANSWER >>>>Title 33 of
Montana law
A ? May appraise an insurance policy. -
....ANSWER >>>>Consultant
Alien insurers are domiciled in another ? -
....ANSWER >>>>Country
Pete the insured recently cancelled his credit
life policy. His unearned refund must be
calculated using which method? - ANSWER
>>>>Sum of the years digits(rule of 78s)if the
premium was paid with a single premium but
pro rated if the premium was paid in level
installments
In Montana which of the following is
considered a life policy which provides a death
benefit of 2,000 or less and premiums are
payable at least on a monthly basis? -
....ANSWER >>>>Industrial Life
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