Mont. Code Ann. §33-17-211 — what it says, and how the exam tests it

33-17-211. General qualifications -- application for license. (1) An individual applying for a license shall apply in a form approved by the commissioner and declare under penalty of refusal, suspension, or revocation of the license that statements made in the application are true, correct, and complete to the best of the individual's knowledge and belief. Before approving the application, the commissioner shall verify that the individual: (a) is 18 years of age or older; (b) has not committed an act that is a ground for refusal, suspension, or revocation as set forth in 33-17-1001; (c) has paid the license fees stated in 33-2-708; (d) has successfully passed the examinations for each kind of insurance for which the individual has applied within 12 months of application; (e) is a resident of this state or of another state that grants similar privileges to residents of this state. Licenses issued based upon Montana state residency terminate if the licensee relocates to another state. (f) is competent, trustworthy, and of good reputation; (g) has experience or training or otherwise is qualified in the kind or kinds of insurance for which the applicant applies to be licensed and is reasonably familiar with the provisions of this code that govern the applicant's operations as an insurance producer; (h) if applying for a license as to life or disability insurance, except as permitted by 33-20-1501(1)(c)(ii): (i) is not a funeral director, undertaker, or mortician operating in this or any other state; (ii) is not an officer, employee, or representative of a funeral director, undertaker, or mortician operating in this or any other state; or (iii) does not hold an interest in or benefit from a business of a funeral director, undertaker, or mortician operating in this or any other state; and (i) has completed a background examination pursuant to 33-17-220. (2) A resident or nonresident business entity acting as an insurance producer is required to obtain an insurance producer's license. Application must be made in a form approved by the commissioner. To approve the application, the commissioner shall verify that: (a) the business entity has paid the appropriate fee; and (b) the business entity has designated an individual licensed insurance producer who is responsible for the business entity's compliance with the insurance laws of this state. (3) A person acting as…