Free Homeowners Policy Concepts Practice Questions
Montana Property exam — 140 practice questions.
Subtopics: Home cancellation notice, Home nonpayment notice, Home notice content, Home day care, Homeowner claims history, Age of home, Geographic location, Preventive measures, Off-premises property, Eligibility, HO-3 special, HO-4 renters, HO-6 condo, HO-8 modified, Coverage C limit, Coverage B limit, Loss of use, Coverage E liability, Coverage F medical payments, Replacement cost requirement, Special limits, Standard mortgage clause, Vacant vs unoccupied, Open vs named perils, Loss assessment, Debris removal, Trees and shrubs, Ordinance or law, Appraisal condition, Business pursuits, Personal injury, Watercraft endorsement, Fungi limitation, Permitted incidental occupancies, Identity fraud, Earthquake endorsement, Scheduled personal property, Water and sewer backup, HO-2 broad form, HO-5 comprehensive form, Coverage A dwelling, Section I vs Section II, Medical payments exclusions, Credit card and forgery coverage, Collapse additional coverage, Glass or safety glazing, Landlords furnishings, Fire department service charge, Reasonable repairs, Property removed coverage, Damage to property of others, Money special limit, Volcanic eruption, Firearms theft limit, Business property on-premises limit, Personal property replacement cost, Grave markers, Refrigerated food spoilage, Concealment or fraud condition, Intentional loss exclusion, Neglect exclusion, Power failure exclusion, Nuclear hazard exclusion, Motor vehicle liability exclusion, Aircraft liability exclusion, Severability of insurance, Loss payment condition, Our option to repair or replace, Definition of insured, Full-time student, Residence premises, HO civil authority, HO-4 Coverage C, HO-4 additions and alterations, HO-6 Coverage A, HO-3 Coverage C perils, Theft from dwelling under construction, Theft - rented to others, Watercraft property limit, Securities limit, Jewelry theft limit, Silverware theft limit, Business property off premises, Property not covered, Coverage C worldwide, Personal property at other residence, Debris removal additional amount, Tree removal, Trees perils, Loss assessment limit, Ordinance or law limit, Grave markers limit, Landlord furnishings limit, Property removed duration, Replacement cost holdback, HO underinsured RC calc, Loss settlement - contents, Medical payments time limit, Section II additional - claim expenses, First aid expenses, Watercraft liability exclusion, Business exclusion, Coverage E exclusion - insured injury, Rented property liability, Expected or intended, Section II other insurance, Section I other insurance, HO cancellation - new policy, HO nonrenewal notice, Death of named insured, Mold exclusion HO-3, Animals owned exclusion, Vacancy - vandalism HO, Inflation guard HO, Additional living expense example, Section II, HO-5 vs HO-3, HO-5 special limits, HO-8 loss settlement, HO-8 theft, HO-8 perils, Water backup, Identity fraud expense
Read the Homeowners Policy Concepts study guide
Sample questions & answers
1. Before canceling or nonrenewing a policy on a home occupied by the insured as a domicile (for a reason other than nonpayment), a Montana insurer must give written notice of at least:
45 days
Mont. Code Ann. 33-23-401 requires 45 days' written notice with the specific reasons, except nonpayment, which requires at least 20 days.
2. When a Montana insurer cancels a policy on an owner-occupied home for nonpayment of premium, the notice to the insured may not be less than:
20 days
Mont. Code Ann. 33-23-401 allows cancellation for nonpayment with notice of not less than 20 days.
3. A Montana notice canceling or nonrenewing a policy on an owner-occupied home must include:
the specific reason or reasons for the action
Mont. Code Ann. 33-23-401 requires the notice to include a statement of the specific reason or reasons.
4. A Montana homeowner begins operating a day-care facility that meets state requirements in the home. The homeowners insurer:
may not nonrenew for it but may exclude business pursuits
Mont. Code Ann. 33-15-1111 bars denying, canceling, or nonrenewing for the principal reason of a qualifying day-care operation, while allowing business-pursuits exclusions or limits.
Practice: Homeowners Policy Concepts
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.
