MISSISSIPPI INSURANCE EXAM SCRIPT 2026
QUESTIONS AND ANSWERS FULLY
VERIFIED STUDY GUIDE
⩥ The Guaranty Association pays a workers' compensation claim up to.
Answer: The full amount of covered claim
⩥ An insurance adjuster adjusts claims on behalf of. Answer: The
insurer
⩥ Which of the following is allowed to place insurance in eligible
nonadmitted insurers?. Answer: Surplus lines producers
⩥ If a person has engaged in an unfair or deceptive practice, the
commissioner may impose an administrative fine up to. Answer: $5,000
per violation
⩥ Producers must notify the Commissioner of an administrative action
taken against the producer within how many days after final disposition
of the matter?. Answer: 30 days
⩥ The biennial continuing education requirement for producers is how
many hours?. Answer: 24 hours
,⩥ Of the total continuing education requirement, how many hours must
be in ethics?. Answer: 3 hours
⩥ A licensee may be deemed to have violated controlled business statues
if commissions on controlled business exceed what percentage of
aggregate commissions?. Answer: 35%
⩥ Which of the following referral fees may be paid to an unlicensed
employee of a producer. Answer: A fixed dollar amount
⩥ What type of relationship does a producer have with insurers and
insureds in handling their premium dollars?. Answer: Fiduciary
⩥ Charging insureds in the same class with the same hazards different
premiums is an example of. Answer: Discrimination
⩥ The Guaranty Association pays covered claims up to what amount for
covered claims for other than return of premium and workers'
compensation?. Answer: $300,000
⩥ If a policy is being canceled for nonpayment of premium, the insurer
must give a fire insurance insured written notice at least. Answer: 10
days in advance
, ⩥ The minimum requirement for proof of financial responsibility for
automobile insurance in Mississippi is. Answer: $25,000/$50,000 BI and
$25,000 PD
⩥ After an automobile insurance policy has been in effect for at least 60
days, if it is canceled by the insurer for any reason other than
nonpayment of premium, the insurer must give the insured written notice
at least. Answer: 30 days in advance
⩥ Workers' compensation insurance is available in Mississippi through.
Answer: Private insurers
⩥ The maximum amount provided as a burial allowance under workers'
compensation insurance in Mississippi is. Answer: $5,000
⩥ In Mississippi, workers' compensation insurance is compulsory for
private sector employers who employ. Answer: 5 or more workers
⩥ To be eligible for coverage under the Mississippi Automobile
Assigned Risk Plan, an applicant must certify that she has sought
unsuccessfully to obtain coverage within the preceding. Answer: 60 days
⩥ To nonrenew an automobile insurance policy, an insurer must give the
insured written notice at least. Answer: 30 days in advance
QUESTIONS AND ANSWERS FULLY
VERIFIED STUDY GUIDE
⩥ The Guaranty Association pays a workers' compensation claim up to.
Answer: The full amount of covered claim
⩥ An insurance adjuster adjusts claims on behalf of. Answer: The
insurer
⩥ Which of the following is allowed to place insurance in eligible
nonadmitted insurers?. Answer: Surplus lines producers
⩥ If a person has engaged in an unfair or deceptive practice, the
commissioner may impose an administrative fine up to. Answer: $5,000
per violation
⩥ Producers must notify the Commissioner of an administrative action
taken against the producer within how many days after final disposition
of the matter?. Answer: 30 days
⩥ The biennial continuing education requirement for producers is how
many hours?. Answer: 24 hours
,⩥ Of the total continuing education requirement, how many hours must
be in ethics?. Answer: 3 hours
⩥ A licensee may be deemed to have violated controlled business statues
if commissions on controlled business exceed what percentage of
aggregate commissions?. Answer: 35%
⩥ Which of the following referral fees may be paid to an unlicensed
employee of a producer. Answer: A fixed dollar amount
⩥ What type of relationship does a producer have with insurers and
insureds in handling their premium dollars?. Answer: Fiduciary
⩥ Charging insureds in the same class with the same hazards different
premiums is an example of. Answer: Discrimination
⩥ The Guaranty Association pays covered claims up to what amount for
covered claims for other than return of premium and workers'
compensation?. Answer: $300,000
⩥ If a policy is being canceled for nonpayment of premium, the insurer
must give a fire insurance insured written notice at least. Answer: 10
days in advance
, ⩥ The minimum requirement for proof of financial responsibility for
automobile insurance in Mississippi is. Answer: $25,000/$50,000 BI and
$25,000 PD
⩥ After an automobile insurance policy has been in effect for at least 60
days, if it is canceled by the insurer for any reason other than
nonpayment of premium, the insurer must give the insured written notice
at least. Answer: 30 days in advance
⩥ Workers' compensation insurance is available in Mississippi through.
Answer: Private insurers
⩥ The maximum amount provided as a burial allowance under workers'
compensation insurance in Mississippi is. Answer: $5,000
⩥ In Mississippi, workers' compensation insurance is compulsory for
private sector employers who employ. Answer: 5 or more workers
⩥ To be eligible for coverage under the Mississippi Automobile
Assigned Risk Plan, an applicant must certify that she has sought
unsuccessfully to obtain coverage within the preceding. Answer: 60 days
⩥ To nonrenew an automobile insurance policy, an insurer must give the
insured written notice at least. Answer: 30 days in advance
