Montana Casualty Laws UPDATED
ACTUAL Exam Questions and CORRECT
Answers
What can casualty licensees sell? - CORRECT ANSWER - -Liability
-Work Comp
-Employer's Liability
-Crime Insurance
-Prepaid legal insurance
-Vehicle Insurance
Can casualty producers sell Title, Ocean Marine, or Inland Marine? - CORRECT
ANSWER - No!
1896 MT Surety Law - What does surety insurance include? What does it guarantee against? -
CORRECT ANSWER - Surety Includes:
-Contract Bonds & Fidelity Bonds
Guarantees Against:
-Check forgery
-Loss of valuable papers, docs., money, precious metals, jewelry, watches, or gems
-Damage to the bank's premises caused by criminal activity
MT Drivers must have one of the following: - CORRECT ANSWER - (a) Split Limit auto
liability insurance with liability limits of at least: 25/50/20
-$25K bodily injury per person
-$50K bodily injury per occurrence
-$20K property damage per occurrence
OR
, (b) Single Limit policy with at least $70K
OR
(c) Indemnity bond in the amount of at least $70K
OR
(d) Certificate of insurance issued by the Insurance Dept.
What doesn't need auto liability insurance? - CORRECT ANSWER - -Government
vehicles
-Tractors or other vehicles only incidentally operated on public roads
-Motorcycles
Which insurance must we offer to help others protect against uninsured motorists that may
potentially cause a big loss? - CORRECT ANSWER - Uninsured motorist coverage. Gives
them the option to purchase 25/50 bodily injury coverage.
What is the Mature Defensive Driver Law? - CORRECT ANSWER - Drivers who are 55
and up can take a course from an approved highway traffic safety program, and may receive an
"appropriate" rate reduction. - We also may give the same discount to members of the National
Guard.
How often must drivers take the course to qualify for the discount associated with the Mature
Defensive Driver Law? - CORRECT ANSWER - Every 2 years.
What is Montana's Assigned Risk Plan? - CORRECT ANSWER - It requires all auto
liability insurers to offer a proportional number of polies to people who would otherwise not be
able to get auto insurance.
Can we discriminate against a person solely due to information we acquired from a driving
record that is 3 years or older? - CORRECT ANSWER - No!
ACTUAL Exam Questions and CORRECT
Answers
What can casualty licensees sell? - CORRECT ANSWER - -Liability
-Work Comp
-Employer's Liability
-Crime Insurance
-Prepaid legal insurance
-Vehicle Insurance
Can casualty producers sell Title, Ocean Marine, or Inland Marine? - CORRECT
ANSWER - No!
1896 MT Surety Law - What does surety insurance include? What does it guarantee against? -
CORRECT ANSWER - Surety Includes:
-Contract Bonds & Fidelity Bonds
Guarantees Against:
-Check forgery
-Loss of valuable papers, docs., money, precious metals, jewelry, watches, or gems
-Damage to the bank's premises caused by criminal activity
MT Drivers must have one of the following: - CORRECT ANSWER - (a) Split Limit auto
liability insurance with liability limits of at least: 25/50/20
-$25K bodily injury per person
-$50K bodily injury per occurrence
-$20K property damage per occurrence
OR
, (b) Single Limit policy with at least $70K
OR
(c) Indemnity bond in the amount of at least $70K
OR
(d) Certificate of insurance issued by the Insurance Dept.
What doesn't need auto liability insurance? - CORRECT ANSWER - -Government
vehicles
-Tractors or other vehicles only incidentally operated on public roads
-Motorcycles
Which insurance must we offer to help others protect against uninsured motorists that may
potentially cause a big loss? - CORRECT ANSWER - Uninsured motorist coverage. Gives
them the option to purchase 25/50 bodily injury coverage.
What is the Mature Defensive Driver Law? - CORRECT ANSWER - Drivers who are 55
and up can take a course from an approved highway traffic safety program, and may receive an
"appropriate" rate reduction. - We also may give the same discount to members of the National
Guard.
How often must drivers take the course to qualify for the discount associated with the Mature
Defensive Driver Law? - CORRECT ANSWER - Every 2 years.
What is Montana's Assigned Risk Plan? - CORRECT ANSWER - It requires all auto
liability insurers to offer a proportional number of polies to people who would otherwise not be
able to get auto insurance.
Can we discriminate against a person solely due to information we acquired from a driving
record that is 3 years or older? - CORRECT ANSWER - No!
