Montana laws and rules - Study guides, Class notes & Summaries

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...

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...

Under the freedom of choice act an insured is able to choose their own doctor in which health plan?Answer - Stock or mutual indemnity plan not-for-profit insurer which offers insurance only to its members is called a ?Answer - Fraternal benefit society A commissioner must give at least a ? Day notice prior to holding a hearing on a license revocation or suspensionAnswer - 10 What is the continuing education requirement for an individual holding a limited lines credit license?Answer ...

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