Social Science Business Insurance
Mississippi Insurance Test
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Practice questions for this set
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It is unlawful for an insurance producer to give any valuable or pay a referral
fee to
Choose an answer
1 An underwriter 2 A lawyer
3 A licensed producer 4 A retired person
Don't know?
The Commissioner of Insurance in 4 years
Mississippi is elected to office for a term of
The burden of proof for determining that a The producer
producer is representing an authorized
insurer falls on
The fine the Commissioner may levy for $1000
violating any provision of the Insurance
Code is
, An insurer formed under the laws of any state other than Mississippi would be known
A foreign insurer
as
Each of the following is true about the Insurance company membership in the association is voluntary
Mississippi Residential Property Insurance
Underwriting Association EXCEPT
At least how many days' advance notice 10 days
must the Commissioner giver a person of
an unfair trade practice hearing
Property and casualty insurance rates are Competitive
regulated to prohibit rates from being all of
the following EXCEPT
An insurance company's license to business A certificate of authority
is called
The purpose of a Guaranty Association is to Cover claims of insolvent insurers
The Guaranty Association pays a workers' The full amount of covered claim
compensation claim up to
An insurance adjuster adjusts claims on The insurer
behalf of
Which of the following is allowed to place Surplus lines producers
insurance in eligible nonadmitted insurers?
If a person has engaged in an unfair or $5,000 per violation
deceptive practice, the commissioner may
impose an administrative fine up to
Producers must notify the Commissioner of 30 days
an administrative action taken against the
producer within how many days after final
disposition of the matter?
The biennial continuing education 24 hours
requirement for producers is how many
hours?
Of the total continuing education 3 hours
requirement, how many hours must be in
ethics?
A licensee may be deemed to have 35%
violated controlled business statues if
commissions on controlled business
exceed what percentage of aggregate
commissions?
Which of the following referral fees may be A fixed dollar amount
paid to an unlicensed employee of a
producer
What type of relationship does a producer Fiduciary
have with insurers and insureds in handling
their premium dollars?
Charging insureds in the same class with Discrimination
the same hazards different premiums is an
example of
Mississippi Insurance Test
Save
Students also studied
Healthcare Mod 3 Payments MO Life and Health License Exam Pr... Driver's Ed Chapter 9 Flashcards Accide
18 terms 82 terms 15 terms 323 term
tmvanhemert29 Preview ark1513mn Preview quizlette58964858 Preview car
Practice questions for this set
Learn 1 /7 Study with Learn
It is unlawful for an insurance producer to give any valuable or pay a referral
fee to
Choose an answer
1 An underwriter 2 A lawyer
3 A licensed producer 4 A retired person
Don't know?
The Commissioner of Insurance in 4 years
Mississippi is elected to office for a term of
The burden of proof for determining that a The producer
producer is representing an authorized
insurer falls on
The fine the Commissioner may levy for $1000
violating any provision of the Insurance
Code is
, An insurer formed under the laws of any state other than Mississippi would be known
A foreign insurer
as
Each of the following is true about the Insurance company membership in the association is voluntary
Mississippi Residential Property Insurance
Underwriting Association EXCEPT
At least how many days' advance notice 10 days
must the Commissioner giver a person of
an unfair trade practice hearing
Property and casualty insurance rates are Competitive
regulated to prohibit rates from being all of
the following EXCEPT
An insurance company's license to business A certificate of authority
is called
The purpose of a Guaranty Association is to Cover claims of insolvent insurers
The Guaranty Association pays a workers' The full amount of covered claim
compensation claim up to
An insurance adjuster adjusts claims on The insurer
behalf of
Which of the following is allowed to place Surplus lines producers
insurance in eligible nonadmitted insurers?
If a person has engaged in an unfair or $5,000 per violation
deceptive practice, the commissioner may
impose an administrative fine up to
Producers must notify the Commissioner of 30 days
an administrative action taken against the
producer within how many days after final
disposition of the matter?
The biennial continuing education 24 hours
requirement for producers is how many
hours?
Of the total continuing education 3 hours
requirement, how many hours must be in
ethics?
A licensee may be deemed to have 35%
violated controlled business statues if
commissions on controlled business
exceed what percentage of aggregate
commissions?
Which of the following referral fees may be A fixed dollar amount
paid to an unlicensed employee of a
producer
What type of relationship does a producer Fiduciary
have with insurers and insureds in handling
their premium dollars?
Charging insureds in the same class with Discrimination
the same hazards different premiums is an
example of
