Exams / Montana Life Insurance License / Mont. Code Ann. §33-2-101
Mont. Code Ann. §33-2-101 — what it says, and how the exam tests it
This section is cited by 5 of our practice questions and is tested on 3 exams including the Montana Life Insurance License.
The text
33-2-101. Certificate of authority required. (1) Except as expressly otherwise provided in this code, a person acting as an insurer and an insurer transacting insurance in this state must have a subsisting certificate of authority issued by the commissioner. (2) An insurer that has or maintains in Montana any office, representative, or facility for the solicitation or servicing of any kind of insurance in any other state must be authorized to transact the same kind of insurance in this state. History: En. Sec. 46, Ch. 286, L. 1959; R.C.M. 1947, 40-2801; amd. Sec. 1, Ch. 562, L. 2005; amd. Sec. 18, Ch. 396, L. 2017. 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.
- An insurer maintains a facility in Montana for servicing property insurance sold in another state. Under Mont. Code Ann. §33-2-101, what must that insurer be authorized to do?
drill Montana Statutes and Rules Common to Life, Disability (A&H), Property and Casualty Insurance → - Under Montana law, a person acting as an insurer and transacting insurance in the state must hold what document issued by the commissioner?
drill Montana Statutes and Rules Common to Life, Disability (A&H), Property and Casualty Insurance → - Under Montana law, an insurer transacting insurance in the state must hold what type of document issued by the commissioner?
drill Montana Statutes and Rules Common to Life, Disability (A&H), Property and Casualty Insurance →