Exams / Montana Life Insurance License / Mont. Code Ann. §33-7-533
Mont. Code Ann. §33-7-533 — what it says, and how the exam tests it
This section is cited by 3 of our practice questions and is tested on 3 exams including the Montana Life Insurance License.
The text
33-7-533. Unfair methods of competition and unfair or deceptive acts and practices. A society authorized to do business in this state and its insurance producers are subject to the provisions of chapter 18 that relate to unfair or deceptive trade practices. However, nothing in chapter 18 may be construed as applying to or affecting the right of a society to determine its eligibility requirements for membership or be construed as applying to or affecting the offering of benefits exclusively to members or persons eligible for membership in the society by a subsidiary corporation or affiliated organization of the society. History: En. Sec. 34, Ch. 586, L. 1991. 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.
- A fraternal benefit society authorized in Montana is subject to the unfair trade practice provisions of chapter 18. However, these provisions may NOT be construed as affecting the society's right to do what?
drill Montana Statutes and Rules Common to Life, Disability (A&H), Property and Casualty Insurance → - Under Mont. Code Ann. §33-7-533, chapter 18 may NOT be construed as affecting a fraternal benefit society's right to do what?
drill Montana Statutes and Rules Common to Property and Casualty Insurance → - A fraternal benefit society is authorized to do business in Montana. Under Mont. Code Ann. §33-7-533, what may NOT be construed as affected by the unfair trade practices provisions of chapter 18?
drill Montana Statutes and Rules Common to Property and Casualty Insurance →