Montana State Life Insurance Practice Exam 2026 - Free Life Insurance Practice Questions and Study Guide

Question: 1 / 400

What is the maximum period the Commissioner may refuse to issue a license after revocation?

1 year

3 years

5 years

The maximum period the Commissioner may refuse to issue a license after revocation is five years. This duration serves as a significant deterrent to ensure compliance with the regulations governing life insurance practices. It allows for a sufficient time for the individual to demonstrate rehabilitation and compliance with the law before they can be considered for re-licensing. This timeframe also reflects the seriousness of the actions that led to the revocation, giving due consideration to protecting the public interest by ensuring that only qualified individuals are permitted to operate in the life insurance field.

In practical terms, a five-year period provides regulatory authorities with adequate opportunity to monitor behavior and guarantee that a potential licensee has corrected any previous issues before being allowed back into the industry, thus maintaining integrity and trust in the life insurance market.

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10 years

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