MT Claims Adjuster study guide
MT Claims Adjuster · Work through your exam, one topic at a time.
The Montana adjuster license is the credential the Montana Commissioner of Securities and Insurance (CSI) requires before you may investigate, evaluate, and settle claims in the state. It is administered through the CSI's Producer, Adjuster & Consultant Licensing program, with applications submitted online through the National Insurance Producer Registry (NIPR) and licensure tests delivered by Pearson VUE. The credential suits claims trainees, staff adjusters, independent adjusters, and public adjusters entering or moving into Montana claims work. The licensing exam samples three areas: Montana insurance statutes and administrative rules, including recent legislative changes; ethics; and property and casualty adjusting topics such as coverage analysis, investigation, valuation, and settlement practice. Topics on this exam: Montana insurance statutes and administrative rules (legislative changes), Ethics, and Property and casualty adjusting topics. The MT Claims Adjuster study guide has 3 sections and about 1,122 words.
01Montana Insurance Statutes and Administrative Rules (Legislative Changes)
Montana's Insurance Code (Title 33 MCA), the Administrative Rules of Montana (ARM Title 6, chapter 6), and changes from the most recent legislative session. The Legislature meets only in odd-numbered years, so exam items often turn on effective dates and on the Commissioner of Securities and Insurance's implementing rules. The Commissioner is the elected State Auditor, and the CSI enforces both statutes and rules. Default effective date: absent a specified date, Montana acts take effect October 1 after passage (MCA 1-2-101).
400 words, about 2 min02Ethics
Montana-specific ethical duties for adjusters and producers: fiduciary handling of money, the rebating and inducement prohibition, fair claims conduct under the UTPA, privacy of claimant information, and conflicts of interest. The exam tests application, not slogans. Fiduciary money: premiums and claim funds are not the producer's or adjuster's operating cash. Account for and document them; do not commingle beyond what rules permit.
382 words, about 2 min03Property and Casualty Adjusting Topics
Coverage analysis, investigation, valuation, liability, and recovery. Expect first-party property (HO forms, commercial property, ACV/RCV, deductible, coinsurance) and third-party liability (CGL, auto, duty to defend, comparative fault). First-party property: establish insurable interest, cause of loss, and policy limit. Pay ACV initially where RCV is optional; recoverable depreciation is released after repair or replacement within the policy period.
340 words, about 2 min