Exams / Montana Life Insurance License / Mont. Code Ann. §33-19-401
Mont. Code Ann. §33-19-401 — what it says, and how the exam tests it
This section is cited by 2 of our practice questions and is tested on 2 exams including the Montana Life Insurance License.
The text
33-19-401. Power of the commissioner. (1) The commissioner has the power to examine and investigate the affairs of every insurance institution or insurance producer doing business in this state to determine whether the insurance institution or insurance producer has been or is engaged in any conduct in violation of this chapter. (2) The commissioner has the power to examine and investigate the affairs of every insurance-support organization acting on behalf of an insurance institution or insurance producer that either transacts business in this state or transacts business outside this state which has an effect on a person residing in this state in order to determine whether such insurance-support organization has been or is engaged in any conduct in violation of this chapter. History: En. Sec. 16, Ch. 580, L. 1981; amd. Sec. 1, Ch. 713, L. 1989. Disclaimer: The Internet version of the Montana Code Annotated is provided as a research tool to users of the Code. In case of inconsistencies resulting from omissions or other errors, the printed version will prevail.
Public record. Read the full, current section at the official source: mca.legmt.gov
How it comes up on the exam
Practice questions written from this section — answers and explanations are in the drill.
- Under Mont. Code Ann. §33-19-401, the commissioner's power to examine insurance-support organizations extends to those acting outside Montana under what condition?
drill Montana Statutes and Rules Common to Life, Disability (A&H), Property and Casualty Insurance → - Under Montana privacy law, the commissioner has the power to examine insurance-support organizations acting on behalf of an insurance institution outside the state under what condition?
drill Montana Statutes and Rules Common to Life, Disability (A&H), Property and Casualty Insurance →