MT LIFE ON EXAM QUESTIONS AND
ANSWERS
The Commissioner may not reissue a license to a person whose license has been
revoked until after____year. - Correct Answers -1
The beneficiary under a credit disability insurance policy is the______ - Correct
Answers -creditor
under the freedom choice act an insured is able to choose there doctor on which health
plan - Correct Answers -stock or mutual indemnity plan
policy loan must be available on permanent policies after premiums have been paid
for____years - Correct Answers -3 years
Home health services must be covered in group health policies if prescribed by
a____________ - Correct Answers -physician / licensed home health care provider
what is Not required to covered by insurers - Correct Answers -anorexia
Interest on a past-due claim will accrue at ____% starting from the 30th day. - Correct
Answers -10%
The Commissioner may designate _____ or more rating organizations or other agencies
to assist in gathering and making compilations of loss and expense experience. -
Correct Answers -1
appointment of a producer is___________ until canceled by the insurer. - Correct
Answers -perpetual
includes solicitation, inducement, negotiations, and effectuation of a contract of
insurance. - Correct Answers -Transacting insurance
An individual licensed in another state and residing in that state must apply to the
Commissioner for a ____________ - Correct Answers -nonresident license
Exclusions for preexisting conditions for an individual health policy are available for
_______years back and ________monthsforward. - Correct Answers -3, 12
ANSWERS
The Commissioner may not reissue a license to a person whose license has been
revoked until after____year. - Correct Answers -1
The beneficiary under a credit disability insurance policy is the______ - Correct
Answers -creditor
under the freedom choice act an insured is able to choose there doctor on which health
plan - Correct Answers -stock or mutual indemnity plan
policy loan must be available on permanent policies after premiums have been paid
for____years - Correct Answers -3 years
Home health services must be covered in group health policies if prescribed by
a____________ - Correct Answers -physician / licensed home health care provider
what is Not required to covered by insurers - Correct Answers -anorexia
Interest on a past-due claim will accrue at ____% starting from the 30th day. - Correct
Answers -10%
The Commissioner may designate _____ or more rating organizations or other agencies
to assist in gathering and making compilations of loss and expense experience. -
Correct Answers -1
appointment of a producer is___________ until canceled by the insurer. - Correct
Answers -perpetual
includes solicitation, inducement, negotiations, and effectuation of a contract of
insurance. - Correct Answers -Transacting insurance
An individual licensed in another state and residing in that state must apply to the
Commissioner for a ____________ - Correct Answers -nonresident license
Exclusions for preexisting conditions for an individual health policy are available for
_______years back and ________monthsforward. - Correct Answers -3, 12
