Montan - Study guides, Class notes & Summaries

When is a new Property Manager required to complete their required CE hours by? - Answer-Oct 31st / 2nd renewal date When a property manager decides to not offer their services predominately in a Jewish area of town, this illegal practice is called ? - Answer-Redlining Management personnel who reside at the property are called ? - Answer-Site Managers When is the move-in condition report NOT required ? - Answer-When there is no security deposit collected law 70-25-206 How long after havi...

When is a new Property Manager required to complete their required CE hours by? - Oct 31st / 2nd renewal date When a property manager decides to not offer their services predominately in a Jewish area of town, this illegal practice is called ? - Redlining Management personnel who reside at the property are called ? - Site Managers When is the move-in condition report NOT required ? - When there is no security deposit collected law 70-25-206 How long after having received notice does a ten...

A resident was admitted to a facility on November 10. The comprehensive assessment was completed on November 27th. Per OBRA 1987, the comprehensive assessment was completed _______. - Answer Late. a comprehensive assessment is due 14 days after admission or by Nov 24th. The _____________ has ultimate legal responsibility for the operation of a nursing facility. - Answer Governing body. Per OBRA 1987, air temperature is measured _____________. - Answer Just above the floor The _______...

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 annuity contracts are required to be members. Minimum age to obtain a p...

Real Estate Montana final exam solution personal property that, by its attachment to real property, is regarded as real estate is called - a fixture An object that is affixed to commercial property and used to generate income is called a - trade fixture

MONTANA PROPERTY & CASUALTY EXAM 2024/2025 What is insurance? - Precise Answer Transfer of risk to protect from financial loss. Types of Risk - Precise Answer Pure and Speculative Pure Risk - Precise Answer Insurable risk. There is only loss. Speculative Risk - Precise Answer Not insurable. Could loss or gain financially. EX: gambling/stock market. Could win or lose money. Hazard - Precise Answer Conditions that increase the probability for loss. Types of Hazards - Precise An...

Real Estate Montana final exam Questions With Complete Solutions

The local utility company dug up Cameron's garden to install a natural gas line. The company claimed it had a valid easement and proved it through the county records. Cameron claimed the easement was not valid because he did not know about it. The easement - was valid even though the owner did not know about it Tommy owns 4.5 acres of land for which he paid $200,000. Ken owns the lot adjacent to Tommy; and needs room to build a chicken shed on his property, and wants to buy a strip of Tomm...

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