Mississippi Life and Health Insurance Agent Licensing – Final Exam (150 Questions) – Verified Answers (Complete Exam Material)

MISSISSIPPI LIFE AND HEALTH FINAL EXAM

150 QUESTIONS | CORRECT ANSWERS | VERIFIED

MISSISSIPPI INSURANCE AGENT LICENSING

MISSISSIPPI INSURANCE CODE (TITLE 83) | MID REGULATIONS | NAIC MODEL ACTS



INTRODUCTION .

This comprehensive practice examination is designed for insurance professionals preparing for the
Mississippi Life and Health Agent Licensing Exam for the current licensing cycle. This exam covers
Mississippi-specific insurance laws, life insurance, health insurance, annuities, Medicare, Medicaid,
ethics, and unfair trade practices.
Exam Information:
• Exam Provider: PSI (or other vendor; verify with Mississippi Insurance Department)
• Exam Format: Multiple-choice, scenario-based, select-all-that-apply
• Number of Questions: 150
• Passing Score: 80% or higher
• Pre-licensing Education: Required hours vary by line
• Governing Authority: Mississippi Insurance Department (MID)
• Primary Statutes: Mississippi Insurance Code (Title 83, Chapters 1-83)



SECTION 1: MISSISSIPPI INSURANCE LAWS AND REGULATIONS

Questions 1-20

Q1: The Mississippi Insurance Department (MID) is headed by the:
• A. Insurance Commissioner (elected by the public)

• B. Insurance Commissioner (appointed by the Governor)

• C. Director of Insurance (appointed by the Legislature)

• D. State Treasurer

,[CORRECT] B. Insurance Commissioner (appointed by the Governor)
Rationale:
• The Mississippi Insurance Commissioner is appointed by the Governor and serves as the
head of the Mississippi Insurance Department (MID)
• The Commissioner has authority to regulate insurance companies and agents, issue cease and
desist orders, impose fines, and suspend or revoke licenses

• Reference: Mississippi Insurance Code Title 83, Chapter 1



Q2: A licensed Mississippi insurance agent must renew their license:
• A. Annually (every year)

• B. Biennially (every 2 years)

• C. Every 3 years

• D. Every 4 years
[CORRECT] B. Biennially (every 2 years)
Rationale:
• Mississippi insurance licenses are valid for 2 years (biennial)
• Licensees must complete continuing education (CE) requirements and pay renewal fees before
the expiration date

• Failure to renew results in license termination and requires reinstatement procedures



Q3: How many continuing education (CE) hours are required for a Mississippi life and health agent per
renewal period?
• A. 12 hours

• B. 16 hours

• C. 24 hours

• D. 40 hours
[CORRECT] C. 24 hours
Rationale:

, • Mississippi requires 24 CE hours per biennial renewal period for life and health agents
• This includes specific subject requirements: ethics (3 hours), annuity training (4 hours if selling
annuities), long-term care training (8 hours if selling LTC), and other line-specific requirements

• Reference: Mississippi Insurance Department CE regulations



Q4: An insurer must appoint a licensed agent within how many days of the agent submitting an
application?
• A. 10 days

• B. 15 days

• C. 30 days

• D. 45 days
[CORRECT] B. 15 days
Rationale:
• Mississippi law requires an insurer to appoint an agent within 15 days of the agent submitting
a completed license application
• The insurer must notify the Mississippi Insurance Department of the appointment

• Termination of appointment must be reported within 30 days



Q5: The Mississippi Unclaimed Life Insurance Benefits Act requires insurers to:
• A. Pay unclaimed benefits to the state after 1 year

• B. Compare death records against their policies at least annually to identify deceased insureds

• C. Cancel policies after 2 years of non-payment

• D. Return premiums to beneficiaries
[CORRECT] B. Compare death records against their policies at least annually to identify deceased
insureds
Rationale:
• The Mississippi Unclaimed Life Insurance Benefits Act requires insurers to use the Death
Master File or other reliable death records to identify deceased insureds at least annually

, • Insurers must make a good faith effort to locate beneficiaries and pay benefits

• This prevents insurers from holding unclaimed benefits indefinitely and is based on the NAIC
Unclaimed Life Insurance Benefits Act



Q6: Under Mississippi law, which of the following is considered an unfair trade practice?
• A. Providing a free insurance policy review to existing clients

• B. Offering a $50 gift card to anyone who attends an educational seminar

• C. Misrepresenting the terms, benefits, or advantages of any insurance policy

• D. Sending birthday cards to policyholders
[CORRECT] C. Misrepresenting the terms, benefits, or advantages of any insurance policy
Rationale:
• Misrepresentation is a prohibited unfair trade practice under Mississippi Insurance Code Title
83, Chapter 5 (Unfair Trade Practices)
• It includes making false statements about policy terms, benefits, dividends, or financial
condition of insurers

• Reference: NAIC Unfair Trade Practices Act as adopted by Mississippi



Q7: A non-resident agent licensed in another state may obtain a Mississippi license through:
• A. Reciprocity without any additional requirements

• B. Reciprocity if their home state has similar licensing requirements

• C. Examination only

• D. Waiver of all requirements
[CORRECT] B. Reciprocity if their home state has similar licensing requirements
Rationale:
• Mississippi offers non-resident licensing through reciprocity with states that have
substantially similar licensing requirements
• The non-resident must submit an application, pay fees, and maintain their home state license in
good standing