MT State Property and Casualty Exam Questions with 100% Correct Answers

MT State Property and Casualty Exam Questions with 100% Correct Answers A Surplus Lines Producer may collect a fee from the Insured to fund the Surplus Lines Advisory Board. This fee is known as the? - Answer- stamping fee An inducement to purchase an insurance policy is: Select one: ation ing - Answer- rebating A nonresident producer licensed in Montana may sell: Select one: insurance that is otherwise lawfully sold in the state of Montana. 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: presentation ing - Answer- misrepresentation The length of a producer's license period is determined by: Select one: Insurance Commissioner. Montana legislature. - Answer- the Insurance Commissioner Casualty Insurance includes each of the following EXCEPT: Select one: insurance rs compensation insurance insurance - Answer- title insurance While licensed as a Montana Consultant, Cora is prohibited from: Select one: mending insurance ising policies ing a fee for consultations cting a commission - Answer- collecting a commission Q's horrible driving record m