Free Other Casualty Practice Questions
Montana Casualty exam — 68 practice questions.
Subtopics: Medical liability notice, Unfounded claims, Professional defined, Commercial umbrella, Professional liability, Directors and officers, Employment practices liability, Surety bond, Liquor liability, Cyber liability, Garage and dealers, Excess liability, Umbrella self-insured retention, Medical malpractice, Fidelity bond, Performance bond, License and permit bond, Environmental liability, Personal umbrella, Umbrella drop down, Maintenance of underlying insurance, Umbrella retained limit, Business exclusion, Homeowners additional coverages, Homeowners Section II, Homeowners exclusions, Personal liability, Insurer's right to settle, Errors and omissions, D&O insurance authority, D&O coverage, Fiduciary liability, EPLI, Cyber, Surety bond types, Federal construction bonds, Judicial bonds, Public official bonds, Surety vs insurance, Aircraft liability, Watercraft liability, Pollution liability, Product recall, Nonprofit D&O, Umbrella vs excess, Surety bonds, Surety bond parties, Miller Act, Penal sum, Consent of surety, Fidelity vs surety, ERISA bond, Court bonds, SBA surety guarantee
Read the Other Casualty study guide
Sample questions & answers
1. A Montana insurer covering a physician's professional liability that intends to cancel, alter, or raise premium rates on the policy must first give written notice of at least:
60 days
Mont. Code Ann. 33-23-302 requires 60 days' written notice before canceling or altering the policy or increasing premium rates.
2. A malpractice claim against a Montana licensed professional is later found unfounded and nothing is paid. During the policy term, the claim:
may not be a ground to cancel or raise the premium
Mont. Code Ann. 33-23-301 bars using an unfounded claim on which no payment was made as a ground for cancellation or premium increase during the policy term.
3. Montana's professional liability insurance definitions include which of the following as a professional?
A licensed architect
Mont. Code Ann. 33-9-101 lists attorneys, CPAs, public accountants, architects, veterinarians, pharmacists, and professional engineers, plus licensed health care providers.
4. A commercial umbrella policy provides:
Excess limits over underlying policies and some coverage they lack, subject to a retention
An umbrella provides excess limits over underlying policies and can provide broader coverage (subject to a self-insured retention) for some gaps.
Practice: Other Casualty
Answer choices are shuffled every time, and every question comes with an explanation.
Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.
