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Montana laws and rules Exam 2025 Questions and Answers Under the freedom of choice act an insured is able to choose their own doctor in which health plan? - ....ANSWER ...-Stock or mutual indemnity plan not-for-profit insurer which offers insurance only to its members is called a ? ....ANSWER ...-Fraternal benefit society A commissioner must give at least a ? Day notice prior to holding a hearing on a license revocation or suspension - ....ANSWER ...-10 What is the continuing education requirement for an individual holding a limited lines credit license? - ....ANSWER ...-5 hours every 2 years What is the purpose of the viatical settlement act? - ....ANSWER ...-Assist policy owners who would like to sell their life insurance policies prior to death What does a viatical settlement involve? - ....ANSWER ...-The sale of a life insurance policy In Montana which of the following is not required to be covered by insurers? ....ANSWER ...-Anorexia The premium charged for limited lines credit insurance is excessive if the insurer does not pay out at least ? Of premiums earnes - ....ANSWER ...-50% …FOR STUDENTS ONLY…©️2025 ALL RIGHTS RESERVED… 1