Montana Code Annotated Title 33 Chapter 17

What this document is

Montana Code Annotated Title 33 Chapter 17 - Insurance Producers, Adjusters, Consultants and Administrators (33-17-101 through 33-17-1205) is a state statute published by Montana Legislative Services Division (archive.legmt.gov). It is one of the Montana documents that insurance license exam questions are written from, including montana life & health, montana property & casualty practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• Mont. Code Ann. Title 33 Chapter 17 § 33-17-231(2) (Appointment of Insurance Producers -- Continuation and Termination)

  “Each appointment remains in effect until the insurance producer's license is revoked or otherwise terminated unless written notice of earlier termination of the appointment is filed with the commissioner by the insurer or the insurance producer. The written notice may be electronically filed. The...”

• Mont. Code Ann. Title 33 Chapter 17 § 33-17-211(2) (Application for License -- Business Entities)

  “(2) A resident or nonresident business entity acting as an insurance producer is required to obtain an insurance producer's license. Application must be made in a form approved by the commissioner. To approve the application, the commissioner shall verify that: (a) the business entity has paid the...”

• Mont. Code Ann. Title 33 Chapter 17 § 33-17-301(5) (Adjuster License, Catastrophe Adjustments)

  “An adjuster license or qualifications are not required for an adjuster who is sent into this state by and on behalf of an insurer or adjusting business entity for the purpose of investigating or making adjustments of a particular loss under an insurance policy or for the adjustment of a series of...”

• Mont. Code Ann. Title 33 Chapter 17 § 33-17-408 (Reciprocity -- Nonresident Licensing and Continuing Education)

  “A nonresident insurance producer's satisfaction of the insurance producer's home state's continuing education requirements for licensed insurance producers constitutes satisfaction of this state's continuing education requirements if the nonresident insurance producer's home state recognizes the...”

• Mont. Code Ann. Title 33 Chapter 17 § 33-17-214(6)(a) (Duty to Report a Change of Address)

  “A person shall inform the commissioner in writing within 30 days of: (i) a change of address or a change of business e-mail address;”

• Mont. Code Ann. Title 33 Chapter 17 § 33-17-101 (Scope of chapter)

  “Except as provided in 33-17-401 and 33-17-408 (2), this chapter does not apply to surplus lines producers.”

• Mont. Code Ann. Title 33 Chapter 17 § 33-17-503(2) (Application -- Residency -- Fee -- Expiration)

  “(2) To be licensed as a consultant, the prospective licensee: (a) must be an individual 18 years of age or older; and (b) (i) must be a resident of Montana or a resident of another state that permits residents of Montana regularly to act as consultants in the other state;”

• Mont. Code Ann. Title 33 Chapter 17 § 33-17-502(2) (Prohibition on Representation as Consultant -- Receiving Fee)

  “(2) A person not licensed as an insurance consultant with respect to the relevant kinds of insurance who receives a fee for examining, appraising, reviewing, or evaluating any insurance policy, annuity or pension contract, plan, or program or who makes recommendations or gives advice with regard to...”

• Mont. Code Ann. Title 33 Chapter 17 § 33-17-504 (Issuing License -- Limitations)

  “The commissioner may issue a consultant license to an individual who has complied with the requirements of this chapter with respect to either life insurance, meaning all of those kinds of insurance authorized in 33-1-207 , 33-1-208 , 33-20-1001 , 33-21-103 , 33-22-501 , and 33-22-601 , or general...”

• Mont. Code Ann. Title 33 Chapter 17 § 33-17-511 (Consideration for services only on written memorandum)

  “A person licensed as an insurance consultant under this part may not receive a fee for examining, appraising, reviewing, or evaluating an insurance policy, a bond, an annuity, or a pension or profit-sharing contract, plan, or program or for making recommendations or giving advice with regard to any...”

• Mont. Code Ann. Title 33 Chapter 17 § 33-17-102(19) (Definitions - negotiate)

  “"Negotiate" means the act of conferring directly with or offering advice directly to a purchaser or prospective purchaser of a particular contract of insurance concerning any of the substantive benefits, terms, or conditions of the contract if the person engaged in negotiation either sells...”

• Mont. Code Ann. Title 33 Chapter 17 § 33-17-409 (Status of Nonresident Insurance Producers)

  “A nonresident insurance producer's license continues in force until lapsed, suspended, revoked, or terminated. The license lapses if the licensee fails to remit a biennial renewal fee.”

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More Montana sources

• Mont. Code Ann. s. 33-18-201: Unfair claim settlement practices prohibitedState statute
• Mont. Code Ann. s. 33-18-202: Misrepresentation and false advertising of policies prohibitedState statute
• Mont. Code Ann. ss. 33-20-104 to 33-20-119: Standard life insurance policy provisionsState statute
• Mont. Code Ann. s. 33-17-1001: Suspension, revocation, or refusal of licenseState statute
• Montana Code Annotated Title 33 Chapter 15 - The Insurance Contract (33-15-101 through 33-15-1126)State statute
• Montana Code Annotated Title 33 Chapter 20 - Life Insurance and Annuity Contracts (33-20-101 through 33-20-1606)State statute
• Montana Code Annotated Title 33 Chapter 22 Parts 1-6 - Disability Insurance: general provisions, individual policy provisions, coverage requirements, group and blanket (33-22-101 through 33-22-604)State statute
• Montana Code Annotated Title 33 Chapter 22 Parts 7-22 - Disability Insurance: mental health parity, Medicare supplement, long-term care, reinsurance, preferred providers, small employer, dental (33-22-701 through 33-22-2205)State statute