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Life and Health Insurance Producer Exam

Conduct (MT): practice questions

Our Life & Health Insurance bank has 9 questions on this topic. Here are 5 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Montana

Which act is a prohibited rebate on a Montana life, annuity or disability contract?

  1. Paying a licensed producer the usual commission
  2. Paying a dividend that the policy itself provides
  3. Giving a premium reduction for a payroll-deduction plan that reflects cost savings
  4. Offering anything of value not specified in the contract as an inducement
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D. Offering anything of value not specified in the contract as an inducement — MCA 33-18-208(4); 33-18-209(5).

Question 2 · Montana

A Montana producer charges a fee for financial planning. Which requirement applies?

  1. Only an oral disclosure that a commission may also be paid
  2. Approval of the fee schedule in advance by each insurer whose products the producer represents
  3. None, as long as the producer holds a life license
  4. A written agreement signed before services are performed, kept at least 3 years
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D. A written agreement signed before services are performed, kept at least 3 years — MCA 33-18-250(3).

Question 3 · Montana

With whom may a Montana producer share commissions?

  1. Any unlicensed person who refers business
  2. Only persons licensed for the same kinds of insurance
  3. Any client who asks for a share of the commission on that client's own policy
  4. Only the producer's spouse
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B. Only persons licensed for the same kinds of insurance — MCA 33-17-1103(2).

Question 4 · Montana

Under Montana law, what is a concerted act of coercion or intimidation that tends to restrain the insurance business?

  1. Rebating
  2. Boycott, coercion, or intimidation
  3. Misrepresentation
  4. Unfair discrimination between insureds of the same class
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B. Boycott, coercion, or intimidation — MCA 33-18-303.

Question 5 · Montana

A Montana producer makes incomplete comparisons of two policies to get a client to surrender a policy. What is this practice called?

  1. Defamation
  2. Boycott
  3. Twisting
  4. Rebating
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C. Twisting — MCA 33-18-204.

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