Montana insurance - Study guides, Class notes & Summaries

commissioner - ANS The Commissioner of Insurance supervises the operations of the Montana Insurance Department. The Commissioner also makes rules and regulations to help carry out the provisions of the Montana insurance code Examination of Records - ANS The Commissioner may conduct a financial examination as often as deemed appropriate in order to determine the solvency of the company. At the very least, a company shall be examined every 5 years. Hearing - ANS The Commissioner may ho...

Montana Life Insurance Examination Actual Questions With Revised Correct Answers & Updated Already Passed Rates must be filed with the commissioner of insurance ______ days before a form is used - ANSWER : 60 days The commissioner must examine an insurer at least every ____ years? - ANSWER : 5 years Guaranty Association - ANSWER : A state mandated association of all insurance companies designed to protect consumers from impaired or insolvent companies. All insurers that provide...

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 Ag...

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...

MT State Property and Casualty Exam Questions with 100% Correct Answers A Surplus Lines Producer may collect a fee from the Insured to fund the Surplus Lines Advisory Board. This fee is known as the? - Answer- stamping fee An inducement to purchase an insurance policy is: Select one: ation ing - Answer- rebating A nonresident producer licensed in Montana may sell: Select one: insurance that is otherwise lawfully sold in the state of Montana. those types of insurance that the produce...

Montana Life Insurance Exam 2024 Quizzes & All Correct Ans..

Montana Life Insurance Exam 2024 Questions and Answers 100% Correct Rates must be filed with the commissioner of insurance ______ days before a form is used - Answer- 60 days The commissioner must examine an insurer at least every ____ years? - Answer- 5 years Guaranty Association - Answer- A state mandated association of all insurance companies designed to protect consumers from impaired or insolvent companies. All insurers that provide direct life and disability insurance policies or a...

A Surplus Lines Producer may collect a fee from the Insured to fund the Surplus Lines Advisory Board. This fee is known as the? - stamping fee An inducement to purchase an insurance policy is: Select one: ation ing - rebating A nonresident producer licensed in Montana may sell: Select one: insurance that is otherwise lawfully sold in the state of Montana. those types of insurance that the producer could have sold in the producer's state of residence. - only those types of insurance ...

Montana Life Insurance Exam 2024 Questions and Answers 100% Correct Rates must be filed with the commissioner of insurance ______ days before a form is used - Answer- 60 days The commissioner must examine an insurer at least every ____ years? - Answer- 5 years Guaranty Association - Answer- A state mandated association of all insurance companies designed to protect consumers from impaired or insolvent companies. All insurers that provide direct life and disability insurance policies or a...

A Surplus Lines Producer may collect a fee from the Insured to fund the Surplus Lines Advisory Board. This fee is known as the? - stamping fee An inducement to purchase an insurance policy is: Select one: ation ing - rebating A nonresident producer licensed in Montana may sell: Select one: insurance that is otherwise lawfully sold in the state of Montana. those types of insurance that the producer could have sold in the producer's state of residence. - only those types of insurance ...