Montana life insurance - Study guides, Class notes & Summaries

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. - AnswerComissioner A _________ insurer is one domiciled in another state. - Answer-Foreign In Montana, health insurance companies must provide maternity coverag...

In order to negotiate a viatical settlement, which license is required? Life producer How long is an appointment letter valid? Until appointment is terminated Under which statute gives the Insurance Commissioner power to regulate insurance transactions? Title 33 of Montana law John the producer splits the commission from a sale with another producer. This commission split must be paid from the office account Credit Life insurance must be sold as term life alien insu...

Who would be most likely to apply to the commissioner for a nonresident license? - ANS Individual licensed in another state and who resides in that state What does a viatical settlement involve? - ANS The sale of a life insurance policy In Montana, the _________ reviews and approves the insurance continuing education courses. - ANS Comissioner A _________ insurer is one domiciled in another state. - ANS Foreign In Montana, health insurance companies must provide maternity cov...

Montana Insurance Verified Answers Who would be most likely to apply to the commissioner for a nonresident license? ️Individual licensed in another state and who resides in that state What does a viatical settlement involve? ️The sale of a life insurance policy In Montana, the _________ reviews and approves the insurance continuing education courses. ️Comissioner A _________ insurer is one domiciled in another state. ️Foreign In Montana, health insurance companies must prov...

Montana Insurance Laws and Regulations Exam Questions With Correct Verified Answers A+ Graded policy loans must be available on permanent policies after premiums have been paid for ____ years 3 producers must report insurance fraud to the commissioner within ____ days 60 Which is a nonprofit corporation that provides prepaid health care to members? Health Service Corporation the commisoner must hold a public hearing within ___ days upon written demand by any person 30 ...

Montana life and health final exam questions and answers Which of the following is true about most blue cross blue shield organizations? - Answer- They are non profit organizations Which of the following is not included in hospitalization expense coverage - Answer- Surgical fees A policy of adhesion may only be modified by who? - Answer- The insurance company Which of the following is not included in an annuity contract? - Answer- AD&D rider An insurer must provide an insured with claim ...

Who would be most likely to apply to the commissioner for a nonresident license? - Individual licensed in another state and who resides in that state What does a viatical settlement involve? - The sale of a life insurance policy In Montana, the _________ reviews and approves the insurance continuing education courses. - Comissioner A _________ insurer is one domiciled in another state. - Foreign In Montana, health insurance companies must provide maternity coverage - The same as woul...

Montana life and health final exam questions with verified solutions Which of the following is true about most blue cross blue shield organizations? They are non profit organizations Which of the following is not included in hospitalization expense coverage Surgical fees A policy of adhesion may only be modified by who? The insurance company Which of the following is not included in an annuity contract? AD&D rider An insurer must provide an insured with claim forms within __ day...

Montana life and health final exam questions and answers Which of the following is true about most blue cross blue shield organizations? - Answer- They are non profit organizations Which of the following is not included in hospitalization expense coverage - Answer- Surgical fees A policy of adhesion may only be modified by who? - Answer- The insurance company Which of the following is not included in an annuity contract? - Answer- AD&D rider An insurer must provide an insured with claim ...

Montana Insurance Laws + Health Questions In Montana, if an expecting mother is hospitalized for a cesarean birth, how many hours of hospital coverage is required ️96 hours A whole life insurance policyowner does not wish to continue making premium payments. Which of the following enables the policyowner to sell the policy for more than its cash value ️Life settlement contract The individual who provides general medical care for a patient as well as the referral for specialized c...