Montana Insurance Laws + Rules
Who would be most likely to apply to the commissioner for a nonresident license? -
answer Individual licensed in another state and who resides in that state
What does a viatical settlement involve? - answer The sale of a life insurance policy
In Montana, the _________ reviews and approves the insurance continuing education
courses. – answer Commissioner
A _________ insurer is one domiciled in another state. - answer Foreign
In Montana, health insurance companies must provide maternity coverage - answer The
same as would be provided for any illness
In Montana, which of the following is NOT required to be covered by insurers? – answer
Anorexia
How does the Montana insurance commissioner attain this position? - answerAn
wlection
Any "reciprocal insurer" formed under federal tax laws must be operated by a -
answerAttorney in fact
In Montana, the minimum age for purchasing insurance is - answer15
A resident domestic insurer is one that is incorporated under the laws of Montana with
at least _______of its owners being Montana residents. - answer50%
Pam the insurance consultant has a client to which she gave advice for a fee. After
consulting, she cannot sell insurance to this person for at least _____ months. -
answer12
Under the freedom of choice act, an insured is able to choose their own doctor in which
health plan? - answerStock or mutual identity plan
In Montana, which system is used to regulate new policy forms? - answerFile and wait
How long is an appointment letter valid? - answerUntil the appointment is terminated
An insurer must pay ___ interest on past-due claims. - answer10%
Who would be most likely to apply to the commissioner for a nonresident license? -
answer Individual licensed in another state and who resides in that state
What does a viatical settlement involve? - answer The sale of a life insurance policy
In Montana, the _________ reviews and approves the insurance continuing education
courses. – answer Commissioner
A _________ insurer is one domiciled in another state. - answer Foreign
In Montana, health insurance companies must provide maternity coverage - answer The
same as would be provided for any illness
In Montana, which of the following is NOT required to be covered by insurers? – answer
Anorexia
How does the Montana insurance commissioner attain this position? - answerAn
wlection
Any "reciprocal insurer" formed under federal tax laws must be operated by a -
answerAttorney in fact
In Montana, the minimum age for purchasing insurance is - answer15
A resident domestic insurer is one that is incorporated under the laws of Montana with
at least _______of its owners being Montana residents. - answer50%
Pam the insurance consultant has a client to which she gave advice for a fee. After
consulting, she cannot sell insurance to this person for at least _____ months. -
answer12
Under the freedom of choice act, an insured is able to choose their own doctor in which
health plan? - answerStock or mutual identity plan
In Montana, which system is used to regulate new policy forms? - answerFile and wait
How long is an appointment letter valid? - answerUntil the appointment is terminated
An insurer must pay ___ interest on past-due claims. - answer10%
