Mississippi Life and Health Insurance

The Commissioner of Insurance in Mississippi is elected to office for a term of - ANSWER 4 years The burden of proof for determining that a producer is representing an authorized insurer falls on - ANSWER The producer The fine the Commissioner may levy for violating any provision of the Insurance Code is - ANSWER $1000 A foreign insurer - ANSWER An insurer formed under the laws of any state other than Mississippi would be known as Each of the following is true about the Mississippi Residential Property Insurance Underwriting Association EXCEPT - ANSWER Insurance company membership in the association is voluntary At least how many days' advance notice must the Commissioner giver a person of an unfair trade practice hearing - ANSWER 10 days Property and casualty insurance rates are regulated to prohibit rates from being all of the following EXCEPT - ANSWER Competitive An insurance company's license to business is called - ANSWER A certificate of authority The purpose of a Guaranty Association is to - ANSWER Cover claims of insolvent insurers