MS PROPERTY & CASUALTY EXAM
QUESTIONS & DETAILED CORRECT
ANSWERS ALREADY GRADED A+
To renew a producer license which is been in affect more than 18 months, a producer
must complete ___________ - Correct Answer ✔✔ 24 hrs & 3 of those hours ethics
To renew a producer license which is been in effect for 18 months or less, a producer
must complete________ of CE. - Correct Answer ✔✔ 12 hrs
A producer must report to the commissioner any administrative action taken against the
producer in any jurisdiction, for by another governmental agency in the state
within___________ of the final disposition of the matter. - Correct Answer ✔✔ 30 days
How many hrs for Prelicensing education requirement hours needed for
life/health/accident and property and casualty agent in Mississippi - Correct Answer ✔✔
40 hrs
Licensees must inform the commissioner of any change of address or name within
_______ days of the change. - Correct Answer ✔✔ 30 days
The insurer or authorized representative of the insurer that terminates the appointment,
employment, contracts, or other insurance business relationship with the producer must
notify the commissioner within ________ days following the eff date of termination. Ex.
Non production - Correct Answer ✔✔ 30 days
The commissioner may issue a temporary insurance producer license for a period not to
exceed _________ days without requiring an examination if deemed necessary -
Correct Answer ✔✔ 180 days (exact) or 6 months
A person licensed as an insurance Producer in another state who moved to Mississippi
must make application within ________ days of establishing legal residence to become
a resident licensing - Correct Answer ✔✔ 90 days
No licensee whose license has been revoked will be entitled to file another application
for a license as a producer within ______ year from the effective date of such
revocation - Correct Answer ✔✔ 1 year
If the commissioner is requesting a hearing with an agent — the notice will state the
time and place for the hearing which means must be held not less than _______ days
after the date notice is served - Correct Answer ✔✔ 10 days
, When does the commissioner submit an annual report to the governor? - Correct
Answer ✔✔ May 1st
Annual report doesn't include... - Correct Answer ✔✔ Complaints filed by insureds
This is unlimited in Mississippi - Correct Answer ✔✔ Medical benefits
Insurance is regulated at the... - Correct Answer ✔✔ State level
Mike Chaney is the... - Correct Answer ✔✔ State insurance commissioner & state fire
marshal
Is the fine for violation of any provision of the insurance laws of Mississippi for which a
different penalty is not specifically provided (against commissioner) - Correct Answer
✔✔ $5,000
Is the fine for violating cease and desist order - Correct Answer ✔✔ $1,000
The number of days from the date the agency contract is executed or the first insurance
application is submitted that you're appointing insurer must file, in an approved format, a
notice of appointment - Correct Answer ✔✔ 15 days
The number of hours for the prelicensing education requirement for adjuster only,
property only or casualty only. - Correct Answer ✔✔ 20 hours
Solicit new business or service existing businesses - Correct Answer ✔✔ Inactive
agents can not..
Receive renewal commissions - Correct Answer ✔✔ Inactive agents may...
COA's are renewed... - Correct Answer ✔✔ Annually
Mississippi is a _______ state which means that rates must be filed with the insurance
commissioner before they may be used - Correct Answer ✔✔ Prior approval
When does an agent renew their license? - Correct Answer ✔✔ Every 2 years by the
end of birth month
Control business - and licensee is not permitted to earn commissions on all business
written in a 12 month period in excess of ____ of the aggregate commissions - Correct
Answer ✔✔ 35%
The commissioner doesn't _____, he______. - Correct Answer ✔✔ Make the law;
enforces it
QUESTIONS & DETAILED CORRECT
ANSWERS ALREADY GRADED A+
To renew a producer license which is been in affect more than 18 months, a producer
must complete ___________ - Correct Answer ✔✔ 24 hrs & 3 of those hours ethics
To renew a producer license which is been in effect for 18 months or less, a producer
must complete________ of CE. - Correct Answer ✔✔ 12 hrs
A producer must report to the commissioner any administrative action taken against the
producer in any jurisdiction, for by another governmental agency in the state
within___________ of the final disposition of the matter. - Correct Answer ✔✔ 30 days
How many hrs for Prelicensing education requirement hours needed for
life/health/accident and property and casualty agent in Mississippi - Correct Answer ✔✔
40 hrs
Licensees must inform the commissioner of any change of address or name within
_______ days of the change. - Correct Answer ✔✔ 30 days
The insurer or authorized representative of the insurer that terminates the appointment,
employment, contracts, or other insurance business relationship with the producer must
notify the commissioner within ________ days following the eff date of termination. Ex.
Non production - Correct Answer ✔✔ 30 days
The commissioner may issue a temporary insurance producer license for a period not to
exceed _________ days without requiring an examination if deemed necessary -
Correct Answer ✔✔ 180 days (exact) or 6 months
A person licensed as an insurance Producer in another state who moved to Mississippi
must make application within ________ days of establishing legal residence to become
a resident licensing - Correct Answer ✔✔ 90 days
No licensee whose license has been revoked will be entitled to file another application
for a license as a producer within ______ year from the effective date of such
revocation - Correct Answer ✔✔ 1 year
If the commissioner is requesting a hearing with an agent — the notice will state the
time and place for the hearing which means must be held not less than _______ days
after the date notice is served - Correct Answer ✔✔ 10 days
, When does the commissioner submit an annual report to the governor? - Correct
Answer ✔✔ May 1st
Annual report doesn't include... - Correct Answer ✔✔ Complaints filed by insureds
This is unlimited in Mississippi - Correct Answer ✔✔ Medical benefits
Insurance is regulated at the... - Correct Answer ✔✔ State level
Mike Chaney is the... - Correct Answer ✔✔ State insurance commissioner & state fire
marshal
Is the fine for violation of any provision of the insurance laws of Mississippi for which a
different penalty is not specifically provided (against commissioner) - Correct Answer
✔✔ $5,000
Is the fine for violating cease and desist order - Correct Answer ✔✔ $1,000
The number of days from the date the agency contract is executed or the first insurance
application is submitted that you're appointing insurer must file, in an approved format, a
notice of appointment - Correct Answer ✔✔ 15 days
The number of hours for the prelicensing education requirement for adjuster only,
property only or casualty only. - Correct Answer ✔✔ 20 hours
Solicit new business or service existing businesses - Correct Answer ✔✔ Inactive
agents can not..
Receive renewal commissions - Correct Answer ✔✔ Inactive agents may...
COA's are renewed... - Correct Answer ✔✔ Annually
Mississippi is a _______ state which means that rates must be filed with the insurance
commissioner before they may be used - Correct Answer ✔✔ Prior approval
When does an agent renew their license? - Correct Answer ✔✔ Every 2 years by the
end of birth month
Control business - and licensee is not permitted to earn commissions on all business
written in a 12 month period in excess of ____ of the aggregate commissions - Correct
Answer ✔✔ 35%
The commissioner doesn't _____, he______. - Correct Answer ✔✔ Make the law;
enforces it
