Mississippi Life and Health
With Questions And Well
Verified Answers Actual
Exam!!! 2026
What kind of life insurance product covers children under their parent's policy?
Family Maintenance rider
Term rider
Family Income rider
Payor benefit - ANSWER -Term Rider
Under a trustee group life policy, who would be eligible for a certificate of coverage?
Corporation
Employee
Employer
Labor union - ANSWER -employee
A producer must report to the Commissioner of Insurance any administrative action or
criminal charges taken against the producer within __ days of the final disposition of the
matter.
10
15
20
30 - ANSWER -30
,The return of all or part of the commission to the insured by an insurance producer as an
inducement to purchase the insurance is known as
twisting
redlining
rebating
misrepresentation - ANSWER -rebating
Insurance producer licenses normally must be renewed every
six months
one year
two years
three years - ANSWER -two years
Which of the following phrases refers to the fees charged by a healthcare professional?
Deductible
Coinsurance
Usual, customary, and reasonable expenses
Hospital expense - ANSWER -Usual, customary, and reasonable expenses
The situation in which a group of physicians are salaried employees and conduct business in an
HMO facility is called a(n)
closed panel
open panel
co-op panel
capitation panel - ANSWER -closed panel
,An accident policy will most likely pay a benefit for a(n)
self-inflicted injury
critical illness
on-the-job accident
off-the-job accident - ANSWER -off-the-job accident
B has a $100,000 Accidental Death and Dismemberment policy that pays triple indemnity for
common carrier death. If B is killed from an accident on a commercial flight, what will the
policy pay B's beneficiary?
$100,000
$200,000
$300,000
$400,000 - ANSWER -$300,000
An insurance company that replaces existing insurance must provide a copy of which of the
following documents to the existing insurance company?
The new policy
The premium and interest figures for the proposed policy
A policy summary
The Notice Regarding Proposed Replacement of Life Insurance or Annuity - ANSWER -a
policy summary
An insurance company formed under the laws of Canada would be known in Mississippi as
a domestic company
an alien company
a foreign company
a mutual company - ANSWER -an alien company
, What kind of life insurance beneficiary requires his/her consent when a change of beneficiary
is made?
Irrevocable beneficiary
Tertiary beneficiary
Primary beneficiary
Revocable beneficiary - ANSWER -irrevocable beneficiary
K is the insured and P is the sole beneficiary on a life insurance policy. Both are involved in a
fatal accident where K dies before P. Under the Common Disaster provision, which of these
statements is true?
-Proceeds will be paid to P's estate
-Proceeds will be divided equally between K's and P's estate
-Proceeds will be payable to K's estate if P dies within a specified time
-The courts will decide who will receive death benefits - ANSWER -Proceeds will be
payable to K's estate if P dies within a specified time
Unfair discrimination is described as
failing to choose a specific policy type
charging different rates for persons in the same class
writing different policies for different individuals
writing policies for only one company - ANSWER -charging different rates for persons in
the same class
An agent takes an individual Disability Income application, collects the appropriate premium,
and issues the prospective insured a conditional receipt. The next step the insurance company
will take is to
-issue the policy only when the initial premium check has cleared
-determine if the applicant is insurable by investigating family health history
-issue the policy on a standard basis
With Questions And Well
Verified Answers Actual
Exam!!! 2026
What kind of life insurance product covers children under their parent's policy?
Family Maintenance rider
Term rider
Family Income rider
Payor benefit - ANSWER -Term Rider
Under a trustee group life policy, who would be eligible for a certificate of coverage?
Corporation
Employee
Employer
Labor union - ANSWER -employee
A producer must report to the Commissioner of Insurance any administrative action or
criminal charges taken against the producer within __ days of the final disposition of the
matter.
10
15
20
30 - ANSWER -30
,The return of all or part of the commission to the insured by an insurance producer as an
inducement to purchase the insurance is known as
twisting
redlining
rebating
misrepresentation - ANSWER -rebating
Insurance producer licenses normally must be renewed every
six months
one year
two years
three years - ANSWER -two years
Which of the following phrases refers to the fees charged by a healthcare professional?
Deductible
Coinsurance
Usual, customary, and reasonable expenses
Hospital expense - ANSWER -Usual, customary, and reasonable expenses
The situation in which a group of physicians are salaried employees and conduct business in an
HMO facility is called a(n)
closed panel
open panel
co-op panel
capitation panel - ANSWER -closed panel
,An accident policy will most likely pay a benefit for a(n)
self-inflicted injury
critical illness
on-the-job accident
off-the-job accident - ANSWER -off-the-job accident
B has a $100,000 Accidental Death and Dismemberment policy that pays triple indemnity for
common carrier death. If B is killed from an accident on a commercial flight, what will the
policy pay B's beneficiary?
$100,000
$200,000
$300,000
$400,000 - ANSWER -$300,000
An insurance company that replaces existing insurance must provide a copy of which of the
following documents to the existing insurance company?
The new policy
The premium and interest figures for the proposed policy
A policy summary
The Notice Regarding Proposed Replacement of Life Insurance or Annuity - ANSWER -a
policy summary
An insurance company formed under the laws of Canada would be known in Mississippi as
a domestic company
an alien company
a foreign company
a mutual company - ANSWER -an alien company
, What kind of life insurance beneficiary requires his/her consent when a change of beneficiary
is made?
Irrevocable beneficiary
Tertiary beneficiary
Primary beneficiary
Revocable beneficiary - ANSWER -irrevocable beneficiary
K is the insured and P is the sole beneficiary on a life insurance policy. Both are involved in a
fatal accident where K dies before P. Under the Common Disaster provision, which of these
statements is true?
-Proceeds will be paid to P's estate
-Proceeds will be divided equally between K's and P's estate
-Proceeds will be payable to K's estate if P dies within a specified time
-The courts will decide who will receive death benefits - ANSWER -Proceeds will be
payable to K's estate if P dies within a specified time
Unfair discrimination is described as
failing to choose a specific policy type
charging different rates for persons in the same class
writing different policies for different individuals
writing policies for only one company - ANSWER -charging different rates for persons in
the same class
An agent takes an individual Disability Income application, collects the appropriate premium,
and issues the prospective insured a conditional receipt. The next step the insurance company
will take is to
-issue the policy only when the initial premium check has cleared
-determine if the applicant is insurable by investigating family health history
-issue the policy on a standard basis
