Mississippi Insurance Final 2025/2026
Exam Questions and Answers | A+ Score
Assured
Insurers may request a hearing within ___ if their policy is rejected - 🧠
ANSWER ✔✔20 Days
A Variable Annuity has which of the following characteristics? - 🧠 ANSWER
✔✔Underlying equity investments
What is the Suicide provision designed to do? - 🧠 ANSWER ✔✔safeguard
the insurer from an applicant who is contemplating suicide
ABC Insurance Company is replacing an existing life policy from XYZ
Insurance Company. ABC Insurance Company must provide which of the
following documents to XYZ Insurance Company? - 🧠 ANSWER ✔✔A
policy summary
,What is the purpose of the Time of Payment of Claims provision? - 🧠
ANSWER ✔✔Prevents delayed claim payments made by the insurer
Which premium schedule results in the lowest cost to the policyowner? - 🧠
ANSWER ✔✔Annual
Which of the following is NOT included in an annuity contract? - 🧠
ANSWER ✔✔AD&D rider
P received Disability income benefits for 3 months then returns to work.
She is able to work one month before her condition returns, leaving her
disabled once again. What would the insurance company most likely regard
this second period of disability as? - 🧠 ANSWER ✔✔A recurrent disability
Which of the following reimburses its insureds for covered medical
expenses? - 🧠 ANSWER ✔✔Commercial insurers
Which health policy clause stipulates that an insurance company must
attach a copy of the application to the policy to ensure that it is part of the
contract? - 🧠 ANSWER ✔✔Entire Contract
Which of the following is NOT included in the policy face? - 🧠 ANSWER
✔✔Exclusions
, An employee with $25,000 group term life coverage was recently fired. This
employee's group coverage may be converted to a - 🧠 ANSWER
✔✔$25,000 individual whole life policy
P is looking to purchase a life insurance policy that will pay a stated
monthly income to his beneficiaries for 20 years after he dies and a lump
sum of $20,000 at the end of that 20 year period. What type of policy
should P purchase? - 🧠 ANSWER ✔✔Family Maintenance policy
According to the Mandatory Uniform Policy Provisions, what is the
maximum amount of time after the premium due date during which the
policy remains in force even though the premium has not been paid? - 🧠
ANSWER ✔✔31 days
Which of the following statements about accumulated interest earned on
dividends from an insurance policy is TRUE? - 🧠 ANSWER ✔✔Taxed as
ordinary income
A retirement plan that sets aside part of the company's net income for
distributions to qualified employees is called a - 🧠 ANSWER ✔✔profit-
sharing plan
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
Exam Questions and Answers | A+ Score
Assured
Insurers may request a hearing within ___ if their policy is rejected - 🧠
ANSWER ✔✔20 Days
A Variable Annuity has which of the following characteristics? - 🧠 ANSWER
✔✔Underlying equity investments
What is the Suicide provision designed to do? - 🧠 ANSWER ✔✔safeguard
the insurer from an applicant who is contemplating suicide
ABC Insurance Company is replacing an existing life policy from XYZ
Insurance Company. ABC Insurance Company must provide which of the
following documents to XYZ Insurance Company? - 🧠 ANSWER ✔✔A
policy summary
,What is the purpose of the Time of Payment of Claims provision? - 🧠
ANSWER ✔✔Prevents delayed claim payments made by the insurer
Which premium schedule results in the lowest cost to the policyowner? - 🧠
ANSWER ✔✔Annual
Which of the following is NOT included in an annuity contract? - 🧠
ANSWER ✔✔AD&D rider
P received Disability income benefits for 3 months then returns to work.
She is able to work one month before her condition returns, leaving her
disabled once again. What would the insurance company most likely regard
this second period of disability as? - 🧠 ANSWER ✔✔A recurrent disability
Which of the following reimburses its insureds for covered medical
expenses? - 🧠 ANSWER ✔✔Commercial insurers
Which health policy clause stipulates that an insurance company must
attach a copy of the application to the policy to ensure that it is part of the
contract? - 🧠 ANSWER ✔✔Entire Contract
Which of the following is NOT included in the policy face? - 🧠 ANSWER
✔✔Exclusions
, An employee with $25,000 group term life coverage was recently fired. This
employee's group coverage may be converted to a - 🧠 ANSWER
✔✔$25,000 individual whole life policy
P is looking to purchase a life insurance policy that will pay a stated
monthly income to his beneficiaries for 20 years after he dies and a lump
sum of $20,000 at the end of that 20 year period. What type of policy
should P purchase? - 🧠 ANSWER ✔✔Family Maintenance policy
According to the Mandatory Uniform Policy Provisions, what is the
maximum amount of time after the premium due date during which the
policy remains in force even though the premium has not been paid? - 🧠
ANSWER ✔✔31 days
Which of the following statements about accumulated interest earned on
dividends from an insurance policy is TRUE? - 🧠 ANSWER ✔✔Taxed as
ordinary income
A retirement plan that sets aside part of the company's net income for
distributions to qualified employees is called a - 🧠 ANSWER ✔✔profit-
sharing plan
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
