State Farm Test Studies Questions and
Answers
The general penalty for violating any provision of the insurance Code for which a
different penalty is not specifically provided is? - Answer-A Fine up to $5,000
The Chief Officer of the Insurance Department is the Commissioner of Insurance. How
long and Who is he ELECTED by to office for a term? - Answer-He is Elected by the
People for a 4 year term
An incorporated insurer owned by its policyholders is known as a? - Answer-A mutual
insurer
An insurer formed under the laws of Mississippi is known as a? - Answer-A domestic
insurer
Insurance Companies are considered to be? - Answer-An Insurer
7. 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? - Answer-$500 for each Vilationn
As an inactive agent you can continue to receive ? - Answer-Renewal Commissions
As an Inactive Agent you may NOT ? - Answer-Solicit or Service any new or existing
buisness
The general penalty for violating any provision of the insurance Code for which a
different penalty is not specifically provided is? - Answer-a fine of up to $5,000
In Mississippi, minors attain a legal right to contract for property and casualty Insurance
on their own upon reaching what age? - Answer-C. 18 years of age
How long is a Temporary Licenses good for? - Answer-Not to exceed 180 days
Who all is qualified to receive a Temporary agent licenses ? - Answer-To the surviving
spouse or court-appointed personal representative of a licensed insurance producer
who dies mentally physically disabled To a member or employee of a business entity
licensed as an insurance producer, upon the death or disability of an individual To the
designee of a licensed insurance producer entering active service in the armed forces of
the United States In any other circumstances where the Commissioner deems that the
public interest will best be served by the issuance of the license
Answers
The general penalty for violating any provision of the insurance Code for which a
different penalty is not specifically provided is? - Answer-A Fine up to $5,000
The Chief Officer of the Insurance Department is the Commissioner of Insurance. How
long and Who is he ELECTED by to office for a term? - Answer-He is Elected by the
People for a 4 year term
An incorporated insurer owned by its policyholders is known as a? - Answer-A mutual
insurer
An insurer formed under the laws of Mississippi is known as a? - Answer-A domestic
insurer
Insurance Companies are considered to be? - Answer-An Insurer
7. 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? - Answer-$500 for each Vilationn
As an inactive agent you can continue to receive ? - Answer-Renewal Commissions
As an Inactive Agent you may NOT ? - Answer-Solicit or Service any new or existing
buisness
The general penalty for violating any provision of the insurance Code for which a
different penalty is not specifically provided is? - Answer-a fine of up to $5,000
In Mississippi, minors attain a legal right to contract for property and casualty Insurance
on their own upon reaching what age? - Answer-C. 18 years of age
How long is a Temporary Licenses good for? - Answer-Not to exceed 180 days
Who all is qualified to receive a Temporary agent licenses ? - Answer-To the surviving
spouse or court-appointed personal representative of a licensed insurance producer
who dies mentally physically disabled To a member or employee of a business entity
licensed as an insurance producer, upon the death or disability of an individual To the
designee of a licensed insurance producer entering active service in the armed forces of
the United States In any other circumstances where the Commissioner deems that the
public interest will best be served by the issuance of the license
