Montana Insurance Regulations UPDATED ACTUAL Exam Questions and CORRECT Answers

Montana Insurance Regulations UPDATED
ACTUAL Exam Questions and CORRECT
Answers
Minimal liability limits in MT are: - CORRECT ANSWER - 25/50/20



How may a driver prove financial responsibility? - CORRECT ANSWER - Get a surety
bond that will pay losses within 30 days, $55k certificate of deposit, or a certificate of self-
insurance.


How many vehicles must you own to be able to get a certificate of self-insurance? - CORRECT
ANSWER - More than 25



What is the penalty for driving without proof of insurance? - CORRECT ANSWER - 1st-
$250-$500
2nd-$350 & plates/registration revoked 90 days
3rd-$500, 10 days in prison, & plates/registration surrendered for 180 days
4th- everything above & license suspended


What is the penalty for forging proof of insurance? - CORRECT ANSWER - Up to $1,000
1 year in prison, or both


Penalty for driving with a suspended license... - CORRECT ANSWER - Up to $500, 6
months in prison, or both


Penalty for failing to return a license... - CORRECT ANSWER - Up to $500, 30 days in
prison, or both


Penalty for violating any rule without a set penalty... - CORRECT ANSWER - Fine up to
$500, 90 days in prison, or both