MONTANA PROPERTY AND CASUALTY
FINAL STUDY SHEET 2026 SOLVED
QUESTIONS FULLY CORRECT
⫸ An inducement to purchase an insurance policy is:
Select one:
a.defamation
b.rebating Answer: rebating
⫸ A nonresident producer licensed in Montana may sell:
Select one:
a.any insurance that is otherwise lawfully sold in the state of Montana.
b.only those types of insurance that the producer could have sold in the
producer's state of residence. Answer: only those types of insurance that
the producer could have sold in the producer's state of residence
⫸ A producer must normally keep records for 3 years. A surplus lines
producer must keep records for a minimum of:
Select one:
a.1 year
b.2 years
c.4 years
d.5 years Answer: 5 years
,⫸ Exaggerating policy terms is:
Select one:
a.misrepresentation
b.twisting Answer: misrepresentation
⫸ The length of a producer's license period is determined by:
Select one:
a.the Insurance Commissioner.
b.the Montana legislature. Answer: the Insurance Commissioner
⫸ Casualty Insurance includes each of the following EXCEPT:
Select one:
a.auto insurance
b.workers compensation
c.title insurance
d.crime insurance Answer: title insurance
⫸ While licensed as a Montana Consultant, Cora is prohibited from:
Select one:
a.recommending insurance
b.appraising policies
c.charging a fee for consultations
d.collecting a commission Answer: collecting a commission
,⫸ Q's horrible driving record may solely be the basis of higher rates if
the record is how old?
Select one:
a.up to 3 years
b.up to 5 years
c.up to 10 years
d.no limit Answer: up to 3 years
⫸ To be eligible for a rate reduction under the Montana Mature
Defensive Driver program, one must retake the education course how
often?
Select one:
a.every 2 years
b.every 3 years
c.every 4 years
d.every 5 years Answer: every 3 years
⫸ Generally speaking, the Guaranty Fund will not pay claims in excess
of:
Select one:
a.$300,000
b.$500,000
c.$750,000
, d.$1 million Answer: $300,000
⫸ L has filed a claim with an Insurer. The Insurer must respond to the
claim within:
Select one:
a.48 hours
b.7 days
c.10 days
d.30 days Answer: 30 days
⫸ A Montana certificate of self-insurance for auto liability must be
issued by:
Select one:
a.the Department of Justice
b.the Montana Attorney General
c.a licensed bank in Montana
d.a licensed CPA Answer: the Department of Justice
⫸ After consulting, a consultant cannot sell insurance to the person
consulted for a period of at least:
Select one:
a.1 month
b.6 months
c.12 months
FINAL STUDY SHEET 2026 SOLVED
QUESTIONS FULLY CORRECT
⫸ An inducement to purchase an insurance policy is:
Select one:
a.defamation
b.rebating Answer: rebating
⫸ A nonresident producer licensed in Montana may sell:
Select one:
a.any insurance that is otherwise lawfully sold in the state of Montana.
b.only those types of insurance that the producer could have sold in the
producer's state of residence. Answer: only those types of insurance that
the producer could have sold in the producer's state of residence
⫸ A producer must normally keep records for 3 years. A surplus lines
producer must keep records for a minimum of:
Select one:
a.1 year
b.2 years
c.4 years
d.5 years Answer: 5 years
,⫸ Exaggerating policy terms is:
Select one:
a.misrepresentation
b.twisting Answer: misrepresentation
⫸ The length of a producer's license period is determined by:
Select one:
a.the Insurance Commissioner.
b.the Montana legislature. Answer: the Insurance Commissioner
⫸ Casualty Insurance includes each of the following EXCEPT:
Select one:
a.auto insurance
b.workers compensation
c.title insurance
d.crime insurance Answer: title insurance
⫸ While licensed as a Montana Consultant, Cora is prohibited from:
Select one:
a.recommending insurance
b.appraising policies
c.charging a fee for consultations
d.collecting a commission Answer: collecting a commission
,⫸ Q's horrible driving record may solely be the basis of higher rates if
the record is how old?
Select one:
a.up to 3 years
b.up to 5 years
c.up to 10 years
d.no limit Answer: up to 3 years
⫸ To be eligible for a rate reduction under the Montana Mature
Defensive Driver program, one must retake the education course how
often?
Select one:
a.every 2 years
b.every 3 years
c.every 4 years
d.every 5 years Answer: every 3 years
⫸ Generally speaking, the Guaranty Fund will not pay claims in excess
of:
Select one:
a.$300,000
b.$500,000
c.$750,000
, d.$1 million Answer: $300,000
⫸ L has filed a claim with an Insurer. The Insurer must respond to the
claim within:
Select one:
a.48 hours
b.7 days
c.10 days
d.30 days Answer: 30 days
⫸ A Montana certificate of self-insurance for auto liability must be
issued by:
Select one:
a.the Department of Justice
b.the Montana Attorney General
c.a licensed bank in Montana
d.a licensed CPA Answer: the Department of Justice
⫸ After consulting, a consultant cannot sell insurance to the person
consulted for a period of at least:
Select one:
a.1 month
b.6 months
c.12 months
