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Life and Health Insurance Producer Exam

Long-term care (MT): practice questions

Our Life & Health Insurance bank has 4 questions on this topic. Here are 3 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Montana

After a Montana long-term care policy has been in force 2 years, on what ground may it be contested?

  1. Any misstatement of age, address or occupation, whether or not material to the claim
  2. It may not be contested for any reason
  3. Any material misrepresentation
  4. Only that the insured knowingly and intentionally misrepresented health facts
Show the answer

D. Only that the insured knowingly and intentionally misrepresented health facts — MCA 33-22-1127(3).

Question 2 · Montana

What is the maximum fine for a Montana producer who violates long-term care marketing rules?

  1. Double the premium
  2. $5,000 total
  3. The greater of three times the commissions paid on each policy or $10,000
  4. $1,000 per policy
Show the answer

C. The greater of three times the commissions paid on each policy or $10,000 — MCA 33-22-1129.

Question 3 · Montana

How long does a Montana long-term care applicant have to return the policy for a premium refund?

  1. 45 days from delivery
  2. 15 days from the application date
  3. 10 days from delivery
  4. 30 days from delivery
Show the answer

D. 30 days from delivery — MCA 33-22-1119(1).

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