Life, Health, & Accident Practice
Test(11
To renew a producers' license, the producer must - ANSWERSSatisfy the state's continuing
education requirement
The Commissioner of Insurance in Mississippi is appointed for a term of - ANSWERSFour years
An incorporated insurer owned by its policyholders is known as a - ANSWERSMutual Insurer
An insurer formed under the laws of Mississippi is known as a - ANSWERSDomestic Insurer
Which of the following is considered to be an insurer - ANSWERSInsurance Company
All of the following are true about inactive agents in Ms except - ANSWERSAn inactive agent
may solicit new business
If a person violates a cease and desist order of the Commissioner while it is in effect, the penalty
may be loss of license and a fine of up to - ANSWERS$1000 for each violation
The general penalty for violating any provision of the insurance code for which a different
penalty is not specifically provided is - ANSWERSA fine up to $5000
In Ms, minors attain a legal right to contract for life and health insurance on their own lives
upon reaching - ANSWERS15 years of age
, All of the following are true about temporary producer licenses issued by the Commissioner
expect - ANSWERSApplicants for temporary licenses must take and pass a written exam
Under the Fair Credit Reporting Act, a Consumer has all of the following rights Except -
ANSWERSThe right to conceal information from a particular recipient
The principle of indemnity states that - ANSWERSThe insured is restored to the same condition
as before the loss
A restricted capacity to contract would not necessarily characterize - ANSWERSA Retired
persons
In Ms, a licensed producer who has a change of address may be subject to a penalty unless the
producer notifies the Commissioner within - ANSWERS30 days of the change
What is the maximum percentage of commissions that a producer may earn for writing
controlled business during any 24-month period - ANSWERS35%
The Commissioner of Insurance may place on probation, suspend, revoke, or refuse to issue or
renew an insurance producer's license for all of the following reasons except - ANSWERSPaying
a commission to another duly-licensed producer
An insurance company must appoint an agent within how many days of the date the agency
contract is executed or the first insurance application is submitted - ANSWERS15 days
It is unlawful for an insurance producer to give any valuable consideration or pay a referral fee
to - ANSWERSA licensed producer
After a producer's license has expired, the producer may have the license reinstated without
taking an examination if application is made within - ANSWERS12 Months
Test(11
To renew a producers' license, the producer must - ANSWERSSatisfy the state's continuing
education requirement
The Commissioner of Insurance in Mississippi is appointed for a term of - ANSWERSFour years
An incorporated insurer owned by its policyholders is known as a - ANSWERSMutual Insurer
An insurer formed under the laws of Mississippi is known as a - ANSWERSDomestic Insurer
Which of the following is considered to be an insurer - ANSWERSInsurance Company
All of the following are true about inactive agents in Ms except - ANSWERSAn inactive agent
may solicit new business
If a person violates a cease and desist order of the Commissioner while it is in effect, the penalty
may be loss of license and a fine of up to - ANSWERS$1000 for each violation
The general penalty for violating any provision of the insurance code for which a different
penalty is not specifically provided is - ANSWERSA fine up to $5000
In Ms, minors attain a legal right to contract for life and health insurance on their own lives
upon reaching - ANSWERS15 years of age
, All of the following are true about temporary producer licenses issued by the Commissioner
expect - ANSWERSApplicants for temporary licenses must take and pass a written exam
Under the Fair Credit Reporting Act, a Consumer has all of the following rights Except -
ANSWERSThe right to conceal information from a particular recipient
The principle of indemnity states that - ANSWERSThe insured is restored to the same condition
as before the loss
A restricted capacity to contract would not necessarily characterize - ANSWERSA Retired
persons
In Ms, a licensed producer who has a change of address may be subject to a penalty unless the
producer notifies the Commissioner within - ANSWERS30 days of the change
What is the maximum percentage of commissions that a producer may earn for writing
controlled business during any 24-month period - ANSWERS35%
The Commissioner of Insurance may place on probation, suspend, revoke, or refuse to issue or
renew an insurance producer's license for all of the following reasons except - ANSWERSPaying
a commission to another duly-licensed producer
An insurance company must appoint an agent within how many days of the date the agency
contract is executed or the first insurance application is submitted - ANSWERS15 days
It is unlawful for an insurance producer to give any valuable consideration or pay a referral fee
to - ANSWERSA licensed producer
After a producer's license has expired, the producer may have the license reinstated without
taking an examination if application is made within - ANSWERS12 Months
