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Montana Insurance Laws and Regulations Overview Exam 2025 Questions and Answers Commissioner - ....ANSWER ...-The Commissioner of Insurance is an elected official who supervises the operations of the Montana Insurance Department. Financial Examination - ....ANSWER ...-The Commissioner may conduct a financial examination of any insurance company as often as deemed appropriate to determine the solvency of the company. Hearing - ....ANSWER ...-The Commissioner may hold a hearing whenever deemed necessary, with all hearings to be held or refused within 30 days after receiving demand. Public Hearing - ....ANSWER ...-The Commissioner must hold a public hearing within 30 days upon written demand by any person. Penalties - ....ANSWER ...-After the hearing, the Commissioner can impose a fine of up to $25,000 upon any person who violates the Montana insurance code. Cease and Desist - ....ANSWER ...-The Commissioner can issue a cease and desist order to anyone violating the Montana insurance code. …FOR STUDENTS ONLY…©️2025 ALL RIGHTS RESERVED… 1