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MS Property & Casualty Exam Questions and Answers

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MS Property & Casualty Exam Questions and Answers

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MS Property & Casualty Exam Questions




The penalty for violating a cease and desist order of the Commissioner might be a loss of license and...? -
Answer-A fine up to $1,000 for each violation



An insurer formed under the laws of Mississippi is known as...? - Answer-Domestic Insurer



An insurance company owned by its POLICYHOLDERS is known as a...? - Answer-Mutual Insurer



Is the Commissioner of Insurance appointed or elected? - Answer-The Commissioner is ELECTED never
appointed. Watch for the terminology on the exam.



The person considered to be the INSURER is? - Answer-The Insurance Company



What is true about inactive agents? - Answer-- An inactive agent may receive renewal commissions

- An agent who is retired/disabled is considered inactive

- An agent who has not obtained a continuous Certificate of Authority is inactive



When a state REQUIRES businesses to purchase Worker's Compensation insurance, it is considered...? -
Answer-Compulsory

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