Business > EXAM > MT State Property and Casualty Exam Questions | 160 Questions with 100% Correct Answers | Updated & (All)
MT State Property and Casualty Exam Questions | 160 Questions with 100% Correct Answers | Updated & Verified | 37 Pages
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A Surplus Lines Producer may collect a fee from the Insured to fund the Surplus Lines Advisory Board. This fee is known as the? - ANS - stamping fee An inducement to purchase an insurance policy is:... Select one: a.defamation b.rebating - ANS - 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. - ANS - 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 - ANS - 5 years Exaggerating policy terms is: Select one: a.misrepresentation [Show More]
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