Montana Insurance Questions with verified
correct detailed Answers Already Passed
latest update 2025!!
A credit life policy has a maximum duration of --- correct precise answers --
-Life of the loan
Any license revoked by a commissioner a _________ time is revoked for life.
--- correct precise answers ---Second
_______ is the illegal practice of using false or incomplete policy
comparisons to induce policy replacement. --- correct precise answers ---
Twisting
Who has the authority to revoke a producer's appointment letter? --- correct
precise answers ---Insurer
Which of these is BOT required to be covered by a group health plan? ---
correct precise answers ---House cleaning
A ________ _______ provides a general understanding of the issues when
purchasing life insurance. --- correct precise answers ---Buyer's guide
,What is required by an insurer to release confidential information about an
insured to a third party? --- correct precise answers ---Written consent of
the insured
A producer must complete 24 hours of continuing education every two
years. This includes --- correct precise answers ---1 hour state, 3 hours
ethics
The insurer's appointment letter must be filed with the commissioner
within ______ days. --- correct precise answers ---15
If an individual is covered under an Accidental Death Policy and dies, an
autopsy can be performed in all these situations except --- correct precise
answers ---When the state prohibits this by law
T applied for a Disability Income policy and has a history of back injuries.
The insurer issued the policy with a statement that excludes coverage for
back injuries. This statement is called a(n) --- correct precise answers ---
Impairment rider
Which of the following products requires a Limited Lines Credit license in
order to sell? --- correct precise answers ---Gap insurance
,after an insured has filed a claim, the insurer has ___ days to respond to the
claim. --- correct precise answers ---30
Which of the following does Social Security NOT provide benefits for? ---
correct precise answers ---dismemberment
Which of the following policy features allows an insured to defer current
health charges to the following years deductible instead of the current
year's deductible? --- correct precise answers ---Carryover provision
A company that owns a life insurance policy on one of its key employees
may do all of the following EXCEPT --- correct precise answers ---Change
the policy's interest rate
"A producer does not have the authority to change a policy or waive any of
its provisions". The Health provision that best describes this statement is
called the --- correct precise answers ---
In Montana, if an expecting mother is hospitalized for a cesarean birth, how
many hours of hospital coverage is required --- correct precise answers ---
96 hours
A whole life insurance policyowner does not wish to continue making
premium payments. Which of the following enables the policyowner to sell
, the policy for more than its cash value --- correct precise answers ---Life
settlement contract
The individual who provides general medical care for a patient as well as
the referral for specialized care is know as a --- correct precise answers ---
primary care physician
Y purchased $100,000 worth of permanent protection on himself and
$50,000 worth of 10-year Term coverage for his wife on the same policy.
Which of these policies did Y purchase? --- correct precise answers ---A
Whole Life Policy with an Other Insured Rider
How long must a licensed administrator keep their records? --- correct
precise answers ---5 years
A policyowner's rights are limited under which beneficiary designation? ---
correct precise answers ---Irrevocable
The insurer's appointment letter must be filed with the commissioner
within ____ days. --- correct precise answers ---15
The difference between the value of collateral and the balance owed on a
debt is covered by --- correct precise answers ---Gap insurance
correct detailed Answers Already Passed
latest update 2025!!
A credit life policy has a maximum duration of --- correct precise answers --
-Life of the loan
Any license revoked by a commissioner a _________ time is revoked for life.
--- correct precise answers ---Second
_______ is the illegal practice of using false or incomplete policy
comparisons to induce policy replacement. --- correct precise answers ---
Twisting
Who has the authority to revoke a producer's appointment letter? --- correct
precise answers ---Insurer
Which of these is BOT required to be covered by a group health plan? ---
correct precise answers ---House cleaning
A ________ _______ provides a general understanding of the issues when
purchasing life insurance. --- correct precise answers ---Buyer's guide
,What is required by an insurer to release confidential information about an
insured to a third party? --- correct precise answers ---Written consent of
the insured
A producer must complete 24 hours of continuing education every two
years. This includes --- correct precise answers ---1 hour state, 3 hours
ethics
The insurer's appointment letter must be filed with the commissioner
within ______ days. --- correct precise answers ---15
If an individual is covered under an Accidental Death Policy and dies, an
autopsy can be performed in all these situations except --- correct precise
answers ---When the state prohibits this by law
T applied for a Disability Income policy and has a history of back injuries.
The insurer issued the policy with a statement that excludes coverage for
back injuries. This statement is called a(n) --- correct precise answers ---
Impairment rider
Which of the following products requires a Limited Lines Credit license in
order to sell? --- correct precise answers ---Gap insurance
,after an insured has filed a claim, the insurer has ___ days to respond to the
claim. --- correct precise answers ---30
Which of the following does Social Security NOT provide benefits for? ---
correct precise answers ---dismemberment
Which of the following policy features allows an insured to defer current
health charges to the following years deductible instead of the current
year's deductible? --- correct precise answers ---Carryover provision
A company that owns a life insurance policy on one of its key employees
may do all of the following EXCEPT --- correct precise answers ---Change
the policy's interest rate
"A producer does not have the authority to change a policy or waive any of
its provisions". The Health provision that best describes this statement is
called the --- correct precise answers ---
In Montana, if an expecting mother is hospitalized for a cesarean birth, how
many hours of hospital coverage is required --- correct precise answers ---
96 hours
A whole life insurance policyowner does not wish to continue making
premium payments. Which of the following enables the policyowner to sell
, the policy for more than its cash value --- correct precise answers ---Life
settlement contract
The individual who provides general medical care for a patient as well as
the referral for specialized care is know as a --- correct precise answers ---
primary care physician
Y purchased $100,000 worth of permanent protection on himself and
$50,000 worth of 10-year Term coverage for his wife on the same policy.
Which of these policies did Y purchase? --- correct precise answers ---A
Whole Life Policy with an Other Insured Rider
How long must a licensed administrator keep their records? --- correct
precise answers ---5 years
A policyowner's rights are limited under which beneficiary designation? ---
correct precise answers ---Irrevocable
The insurer's appointment letter must be filed with the commissioner
within ____ days. --- correct precise answers ---15
The difference between the value of collateral and the balance owed on a
debt is covered by --- correct precise answers ---Gap insurance
