Financial Responsibility and Insurance Requirements Flashcards

After a traffic accident in Montana, when must you exchange insurance information with the other involved driver?

Answer: Immediately at the scene

Montana law requires drivers involved in an accident to immediately exchange insurance and contact information at the scene.

What does liability insurance cover in Montana?

Answer: Injuries and property damage you cause to others

Liability insurance covers the costs of bodily injury and property damage you cause to other people — it does not cover your own losses.

In Montana, self-insurance as an alternative to traditional auto insurance is typically available to:

Answer: Organizations or individuals owning a fleet of 26 or more vehicles

Montana allows self-insurance as an alternative for entities with sufficient assets, typically those operating a fleet of 26 or more vehicles.

If your auto insurance policy is cancelled, what should you do in Montana?

Answer: Obtain new insurance coverage immediately

When your insurance is cancelled, you must immediately obtain new coverage to remain in compliance with Montana's financial responsibility law.

When can a law enforcement officer in Montana legally request proof of insurance?

Answer: At any time during a traffic stop or accident investigation

Montana law allows officers to request proof of financial responsibility during any traffic stop or accident investigation, not just specific situations.

Which statement about collision coverage in Montana is correct?

Answer: It pays for damage to your vehicle caused by a crash regardless of fault

Collision coverage pays for repairs to your own vehicle after a crash, regardless of who is at fault, but it is not required by Montana law.

In Montana, what is the primary purpose of the state's financial responsibility law?

Answer: To ensure drivers can compensate others for injuries or damages they cause

Montana's financial responsibility law ensures that drivers who cause accidents have the means to compensate victims for bodily injury and property damage.