MONTANA INSURANCE LAWS AND
REGULATIONS EXAM
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
What is an allowable action taken by a bank toward a borrower?
recommend credit life insurance can be purchased from a specific insurer
freedom of choice act applies to what health plan?
stock or mutual indemnity plan
freedom of choice act does not apply to which plans
HSC, HMO, PPO
credit life insurance must be sold as
term life
, physical damage to collateral is covered by which limited lines credit policy
Credit property insurance
what provides unique info on the policy being sold
policy summary
what is the biennial continuing education requirement
24 hours
charging different premiums for two individuals ins the same risk classifictaion
discrimination
acceptable accounts for acceptable producer bank account that would contain
collected premiums
fiduciary, escrow, trust
NOT an acceptable accounts for acceptable producer bank account that would
contain collected premiums
Office
a license revoked by the commissioner for a ____ time is revoked for life
second
who does a producer legally represent
insurance company
what does an authorized insurer require
Certificate of authority
how does the Montana insurance commissioner attain this position
election
REGULATIONS EXAM
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
What is an allowable action taken by a bank toward a borrower?
recommend credit life insurance can be purchased from a specific insurer
freedom of choice act applies to what health plan?
stock or mutual indemnity plan
freedom of choice act does not apply to which plans
HSC, HMO, PPO
credit life insurance must be sold as
term life
, physical damage to collateral is covered by which limited lines credit policy
Credit property insurance
what provides unique info on the policy being sold
policy summary
what is the biennial continuing education requirement
24 hours
charging different premiums for two individuals ins the same risk classifictaion
discrimination
acceptable accounts for acceptable producer bank account that would contain
collected premiums
fiduciary, escrow, trust
NOT an acceptable accounts for acceptable producer bank account that would
contain collected premiums
Office
a license revoked by the commissioner for a ____ time is revoked for life
second
who does a producer legally represent
insurance company
what does an authorized insurer require
Certificate of authority
how does the Montana insurance commissioner attain this position
election
