What is the maximum sum payable from Montana's recovery account per licensee?
Question & Answer
Review the question and all answer choices
$25,000
$50,000
Montana's recovery fund limit is not $50,000. This option may represent the maximum coverage in other states, but it's incorrect for Montana specifically.
$75,000
$75,000 exceeds Montana's recovery fund maximum. This higher amount might apply to different types of claims or in other states, but not in Montana.
$80,000
$80,000 is significantly higher than Montana's actual recovery fund limit. This option may represent combined coverage limits in some jurisdictions or maximum claims for different types of violations.
Why is this correct?
$25,000 maximum per licensee.
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