10 exam-style questions with answers and explanations, straight from our 1,030-question bank. Tap an answer to check yourself. When you're ready, take the scored version in the free practice test.
The MT-PC exam has 189 questions and runs 4 hours 15 minutes.
These 10 free MT-PC questions are organized by exam domain, so you can see how each part of the Montana Property & Casualty Insurance Producer Exam (MT-PC) blueprint is tested. Reveal the answer and explanation under each question.
An owner-occupant of a detached one-family home has one accidental loss that damages both the dwelling and an unscheduled television. The cause is not excluded, but it does not fit any named peril. Which homeowners form would place both losses under open-peril analysis?
Correct answer: B - HO-5 Comprehensive Form
A commercial building meets the policy definition of vacant for 75 consecutive days. A covered fire then causes damage. Under the standard commercial property vacancy condition, how is the otherwise payable fire loss affected?
Correct answer: D - It is reduced by 15 percent
After intense rain, a general and temporary river of liquid and flowing mud inundates the insured building and two neighboring properties; fewer than two acres are affected. Under the NFIP Standard Flood Insurance Policy, which conclusion is most accurate?
Correct answer: A - It can qualify as flood under the two-property mudflow test
A commercial building is worth $800,000 at the time of loss and has an 80% coinsurance requirement. The insured carries a $480,000 limit. A covered loss is $160,000 before a $2,000 deductible. What is the insurer's payment under the coinsurance formula?
Correct answer: C - $118,000
A seller transfers title and possession of a rental house and retains no mortgage, lien, or other financial interest. The old property policy remains in the seller's name when a fire occurs. What prevents the seller from collecting for the building loss?
Correct answer: C - The seller lacked insurable interest at the time of loss
A windstorm tears an opening in an insured home's roof, and more rain is forecast before an adjuster can arrive. Which action best satisfies the insured's duties after loss?
Correct answer: A - Tarp the opening, document the damage, and keep repair receipts
A Montana insurer executes an agency contract with a producer but files the appointment notice 18 days later. The commissioner does not disapprove the appointment. What is the effect of the late filing?
Correct answer: D - The appointment becomes effective on the filing date
To close a Montana property insurance sale, a producer says, "The carrier cannot lower the filed premium, but I will send you $150 from my commission after the policy is issued." The payment is not specified in the policy or an approved filing, and no statutory exception applies. This conduct is best classified as:
Correct answer: B - Rebating
A Montana warehouse building carries a $500,000 property limit. A covered fire leaves the building repairable, and the covered amount after all policy adjustments and the deductible is agreed at $180,000. The owner demands the full limit under Montana's valued policy law, but no fraud is established. How should the claim be handled?
Correct answer: A - Pay $180,000 because the building is not a total loss
A competitor sues a retailer for copying the competitor's copyrighted product photograph in an online advertisement. Assuming no exclusion applies, the claim is first analyzed under which Commercial General Liability coverage?
Correct answer: C - Coverage B - Personal and Advertising Injury Liability
The full bank has 1,020 more MT-PC questions with explanations.
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