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Mississippi Life Insurance Laws EXAM PACKAGE DEAL (BUNDLE) WITH COMPLETE QUESTIONS AND ANSWERS 100% ACCURATE $76.49   Add to cart

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Mississippi Life Insurance Laws EXAM PACKAGE DEAL (BUNDLE) WITH COMPLETE QUESTIONS AND ANSWERS 100% ACCURATE

Mississippi Life Insurance Laws EXAM PACKAGE DEAL (BUNDLE) WITH COMPLETE QUESTIONS AND ANSWERS 100% ACCURATEMississippi Life Insurance Laws EXAM PACKAGE DEAL (BUNDLE) WITH COMPLETE QUESTIONS AND ANSWERS 100% ACCURATEMississippi Life Insurance Laws EXAM PACKAGE DEAL (BUNDLE) WITH COMPLETE QUESTIONS ...

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Mississippi Real Estate Exam Correct Questions & Answers(RATED A+)

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Real versus personal property - ANSWER real property: Real estate and the bundle of rights Personal property: all property that is not land or permanently attached to land, excepting trade fixtures and emblements. Physical characteristics of land - ANSWER immobility, indestructibility, and he...

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Real Estate Exam Review Test Mississippi Correct Questions & Answers.

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Included among legal requirements of taking title to real property as tenants in common is that? - ANSWER Each co-owner's interest may be conveyed separately. A homeowner employed a contractor to build a swimming pool. The owner did not pay, what time of lien is NOT represented by this lien? - A...

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Mississippi Real Estate Questions & Answers(RATED A+)

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Can a real estate licensee appeal a hearing decision rendered by the real estate commission - ANSWER Yes, if the appeal is made within 30 days of the notice of the commissioner's action How many days does an agent have to send in the Cooperating Agreement with out-of-state real estate brokers to...

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MS Real Estate State Complete Questions & Answers(RATED A+)

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Special situations, where unusual facts exist or where one or more parties involved are especially vulnerable, could require additional disclosures not contemplated. in such cases, brokers - ANSWER should seek legal advice prior to entering into an agency relationship If a broker, as escrow agent...

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Mississippi Real Estate Questions & Answers(GRADED A+)

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Can a real estate licensee appeal a hearing decision rendered by the real estate commission - ANSWER Yes, if the appeal is made within 30 days of the notice of the commissioner's action How many days does an agent have to send in the Cooperating Agreement with out-of-state real estate brokers to...

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Mississippi Real Estate Exam| 195 Questions| Complete Answers.

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Fee Simple Estate - ANSWER An estate only limited by government; no other restrictions of ownership Fee Simple Estate - ANSWER also called indefeasible fee estate Freehold estates - ANSWER All fee estates are Qualified fee estate - ANSWER A fee estate that is subject to limitations other th...

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Ms Real Estate Mississippi Practice Exam Correct 100%(RATED A+)

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A developer may not sell, offer, or dispose of a timeshare interest unless all necessary registration requirements are completed and approved by: - ANSWER the Real Estate Commission Which of the following has the duty of supervising and controlling all aspects of the offering of a timeshare plan?...

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MS State Real Estate Exam Correct Questions & Answers(RATED A+)

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Who are exempt from having a real estate license? - ANSWER Public officials The following people may be excluded from holding a real estate license exept? - ANSWER A person who places an ad on the internet under their responsible broker The 5 commissioners appointed by the governor with advise...

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Mississippi Real Estate License Law Correct 100%(RATED A+)

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Hearing - ANSWER To offer testimony and to examine witness. - 15 days notice and copy of complaint. Held at MREC Subpoena - ANSWER Issued for attendance and production of books and papers First Violation - ANSWER Not less $500 Not more $1000. Not more 90 Days Second Violation - ANSWER Not...

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Mississippi State Real Estate Correct Questions & Answers(RATED A+)

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How many years must members of the Mississippi Real Estate Commission be licensed as brokers before being appointed to the commission? - ANSWER Five The responsible broker in a company is the person - ANSWER responsible for the daily real estate activities of the company. The temporary license...

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Mississippi Real Online Real Estate terms - Unit 1 Correct 100%(RATED A+)

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Mississippi Real Online Real Estate terms - Unit 1 Correct 100%(RATED A+) Mississippi Real Online Real Estate terms - Unit 1 Correct 100%(RATED A+) Mississippi Real Online Real Estate terms - Unit 1 Correct 100%(RATED A+) Mississippi Real Online Real Estate terms - Unit 1 Correct 100%...

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Mississippi Real Estate Test (2024 Latest Update)Correct 100%(RATED A+)

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Who are exempt from having a real estate license? - ANSWER Public Official holding an auction. The following people may be excluded from holding a real estate license exceptA person who places an ad on the internet under their responsible broker. - ANSWER A person who places an ad on the internet...

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Real Estate Law- Mississippi Correct Questions & Answers.

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How many days does an agent have to send in the Cooperating Agreement with out-of- state real estate brokers to MREC after reaching the agreement to accept referral. - ANSWER 10 Can a real estate licensee appeal a hearing decision rendered by the real estate commission? - ANSWER Yes, if the appea...

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Principles of Real Estate Test mississippi state Correct 100%(RATED A+)

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how is real estate used in 3 fundamental ways? - ANSWER 1. most common use is to identify the tangible assets of land and buildings 2. used to denote the "bundle" of rights with ownership and use of physical assets 3. used to refer to the industry or business activities related to the acquis...

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Real Estate MS section| 65 Questions| Correct Answers(RATED A+)

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The required disclosures for a property that is proposed to be transferred must be set out on a copy of a disclosure form as provided by: - ANSWER the MREC. All licensees are required to complete ____ hours of continuing education in each licensing period. - ANSWER 16 hours Barack is an out-of...

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Mississippi Real Estate License Law & National License Math Accurate 100%

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Broker Michael has been a real estate broker for the past ten years but is not a licensed attorney. Can he give legal advice to his real estate clients? - ANSWER No, only if he was a licensed attorney. All licensees are required to complete ____ hours of continuing education in each licensing per...

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MS Real Estate Exam Correct 100%(RATED A+)

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MREC - ANSWER State agency To regulate licensing of brokers in sales person Broker - ANSWER Anyone who sells, buys, leases, etc. property for a fee Responsible non-resident broker - ANSWER Licensed in another state but no Mississippi license sales person - ANSWER Licensee employed by broker...

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MS Real Estate Salesperson Exam 100% Verified!

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Acre - ANSWER A measure of land equal to 43,560 sq feet Life Estate - ANSWER An interest in real or personal property that is limited in duration to the lifetime of its owner or some other designated person or persons Condemnation - ANSWER A judicial or administrative proceeding to exercise th...

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THE MISSISSIPPI REAL ESTATE COMMISSION ACCURATE 100%.

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Someone who is licensed in Mississippi to sell, buy, or lease real estate for a fee is defined as a a. real estate salesperson. b. responsible nonresident broker. c. real estate broker. d. personal assistant. - ANSWER c. real estate broker. The primary purpose of the Mississippi Real Estat...

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Mississippi Real Estate Principles v5.0 Correct 100%(RATED A+)

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Real estate sales associate - ANSWER A licensee employed by or associated with a broker is Demographics - ANSWER Information including age, education, behavior, and other characteristics of members in a certain population is Property Manager - ANSWER A property owner who does not want to deal ...

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Mississippi realtor institute test Correct Questions & Answers.

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An important distinction between real and personal property is that personal property: A. Is taxed at a lower rate when sold or transferred B. Is movable C. Requires a different legal description D. Is not subject to supply and demand measures - ANSWER B The economic and physical characteris...

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Mississippi Real Estate Review Correct 100%(RATED A+)

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Application for a license as a real estate broker issued for partnership, association, or corporation and one year's use of a license is _________. - ANSWER $75 A licensee may pay a fee, commission, or other compensation to another licensee directly. - ANSWER False A REALTOR® is a licensee w...

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Mississippi real estate law Correct Questions & Answers!

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Broker licence - ANSWER applies to every member of the broker cooperation, partnership or association who actively participate in brokerage business and when any fee paid is required. Real estate broker - ANSWER Every member, owner, partnership, associations and cooperation who for fee commission...

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State Specific Portion Real Estate Exam 25 Accurate 100%(GRADED A+)

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Mississippi State Agency which was created by 73-35-5 to regulate the licensing of real estate brokers and salespersons, which it's duties and authorities are included in the law. - ANSWER Mississippi Real Estate Commission MREC Any leasehold, interest, or estate in land, including timeshares an...

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MS Real Estate PSI Exam Study Guide Accurate 100%(RATED A+)

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Property Ownership - ANSWER An item that has a legal owner, along with the attendant rights to legal ownership. Real Property - ANSWER Ownership of real estate and the bundle of rights associated with owning real estate. Personal Property - ANSWER Ownership of anything which is not real estat...

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Real Estate - State chapter tests Accurate 100%(RATED A+)

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C - ANSWER Someone who is licensed in MS to sell, buy, or lease real estate for a fee is defined as a a. real estate sales person b. responsible nonresident broker c. real estate broker d. personal assistant b - ANSWER the primary purpose of the Mississippi Real Estate Commission is to ...

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Mississippi Real Estate Unit 2 Correct Questions & Answers!

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What is a Real Estate Broker - ANSWER Includes all persons, partnerships, associations and corporations (Foreign or domestic) who List, sell, purchase, exchange, rent, lease, manage, auction, or negotiate real estate for a free commission Additional Terms for a Real estate Broker - ANSWER -Any Pe...

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MS State Exam Correct Questions & Answers(RATED A+)

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Can a real estate licensee appeal a hearing decision rendered final by the real estate commission? - ANSWER Yes, if the appeal is made within 30 days of the notice of commission's action. How many days does any agent have to send in the Cooperating Agreement with out-of-state real estate brokers...

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Mississippi Real Estate License Law Completely Solved!

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Who is required to have areal estate license? - ANSWER Anyone advertising, selling or leasing property on behalf of others or carrying out real estate business on behalf of others. Who is exempt from having a real estate license? - ANSWER 1. Attorneys at law in the performance of primary or incid...

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Mississippi Real Estate Unit 1: introduction to the real estate business Correct 100%(RATED A+)

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A real estate professional who helps clients choose among the various alternatives involved in purchasing, using, or investing in property is A) a real estate appraiser. B) a real estate educator. C) a home inspector. D) a real estate counselor. - ANSWER The answer is a real estate counse...

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Mississippi Real Estate Unit 7:Title Transfer Accurate 100%(GRADED A+)

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The document that is a historical summary of all the documents of title is A) a mortgage. B) a title commitment. C) an abstract of title. D) a deed of trust. - ANSWER The answer is an abstract of title. The abstract summarizes all the documents that create the chain of title; an attorne...

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Mississippi Life and Health Insurance Accurate 100%(RATED A+)

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Absolute assignment - ANSWER Policy assignment under which the assignee (person to whom the policy is assigned) receives full control over the policy and also full rights to its benefits. Generally, when a policy is assigned to secure a debt, the owner retains all rights in the policy in excess of...

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MS Life and Health Insurance Test Correct Questions & Answers(RATED A+)

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Which of these do NOT constitute policy delivery? - ANSWER Policy issued with a rating Which of these types of life insurance allows the policyowner to have level premiums and to also choose from a selection of investment options? - ANSWER Variable Life J, an Accidental Death and Dismemberment...

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Mississippi Health and Life Insurance| 200 Questions| Correct Answers.

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Accident - ANSWER An unplanned, unforeseen event which occurs suddenly and at an unspecified place. Accident Insurance - ANSWER A type of insurance that protects the insured against loss due to accidental bodily injury Accidental Death and Dismemberment - ANSWER An insurance policy which pays ...

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Mississippi Life and Health Insurance Questions & Answers(RATED A+)

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A business overhead expense policy : - ANSWER covers business expenses such as rent and utilities A provision in a life insurance policy that pays the policy owner an amount that does not surpass the guaranteed cash value is called the : - ANSWER Policy loan provision After and insured gives n...

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Mississippi Life and Health Final Exam| 150 Questions| Correct Answers| Verified.

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What kind of life insurance product covers children under their parent's policy? Family Maintenance rider Term rider Family Income rider Payor benefit - ANSWER Term Rider Under a trustee group life policy, who would be eligible for a certificate of coverage? Corporation Employee ...

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Mississippi Life and Health Final Exam 109-150 Accurate 100%(RATED A+)

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What type of policy would offer a 40-year old the quickest accumulation of cash value? Paid-up at 65 20-pay life 30-pay life Straight whole life - ANSWER 20-pay life Which of these statements accurately describes the Waiver of Premium provision in an Accident and Health policy? Past...

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Mississippi life producer exam Correct Questions & Answers!

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Which of the following is an insurance company that is organized under the laws of a different state within the United States? - ANSWER Foreign protects the consumer's right to the privacy of credit and financial information, ensuring that all collected data is confidential, accurate, relevant a...

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Life accident and health insurance Mississippi 2 Correct 100%(RATED A+)

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1. private insurers 2. government insurers - ANSWER 2 types of entities providing insurance today 1. stock insurance companies 2. mutual insurance companies - ANSWER the 2 largest types of commercial insurance companies Stock insurance companies - ANSWER owned by stockholders, these compan...

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MS Health and Life Insurance Exam Chapter 14 Accurate 100%(RATED A+)

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Reply promptly in writing - ANSWER If the Commissioner requests information from a producer, the producer is required to: The producer's license will lapse and they will be unlicensed - ANSWER In Mississippi, a producer has failed to complete their continuing education requirements by the licens...

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Mississippi Insurance Test Complete Questions & Answers(GRADED A+)

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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 Insura...

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Mississippi Life Insurance State Exam Accurate 100%(RATED A+)

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Adverse selection - ANSWER insuring of risks that are more to losses than the average risk Agent/Producer - ANSWER legal representative of an insurance company; the classification of producer usually includes agents and brokers; agents are the agents of the insurer Applicant or proposed insure...

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Mississippi Life Insurance Laws flashcards Accurate 100%(GRADED A+)

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Can insurers advertise the existence of the guaranty association during solicitation and sale of insurance policies? - ANSWER No, advertising of the existence of the guaranty association for the purposes of solicitation and sale of insurance policies by insurers is an illegal business practice. W...

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Mississippi Insurance Exam Correct Questions & Answers(RATED A+)

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chance or uncertainty of loss - ANSWER risk another term that means almost the same thing as risk is ______________ - ANSWER exposure people have developed several different methods for managing risks for serious financial losses. One method is simply to _________________. For example you can ...

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Life, Health, & Accident Practice Test | 100 Questions| Correct 100%(SCORED A+)

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To renew a producers' license, the producer must - ANSWER Satisfy the state's continuing education requirement The Commissioner of Insurance in Mississippi is appointed for a term of - ANSWER Four years An incorporated insurer owned by its policyholders is known as a - ANSWER Mutual Insurer ...

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Life Insurance Mississippi Correct 100%(RATED A+)

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Adverse Selection - ANSWER insuring of risks that are more prone to losses than the average risk Agent/Producer - ANSWER a legal Representative of an insurance company; the classification of producer usually includes agents and brokers; agents are the agents of the insurer Applicant or propose...

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Mississippi Insurance- Property And Casualty Accurate 100%

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Homeowners Policy - ANSWER Multiline Policy that protects property owners from property and liability risks HO-2 - ANSWER (broad form): covers the dwelling, other structures, and personal property on a named perils basis HO-3 - ANSWER or special form, provides open peril coverage for loss to t...

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MS Property & Casualty Questions & Answers(RATED A)

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24 hrs & 3 of those hours ethics - ANSWER To renew a producer license which is been in affect more than 18 months, a producer must complete ___________ 12 hrs - ANSWER To renew a producer license which is been in effect for 18 months or less, a producer must complete________ of CE. 30 days - A...

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Mississippi Insurance Laws Correct 100%(RATED A+)

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lose license 1 year - ANSWER 30 day notice and company continues violation insurer's financial condition becomes unsound insurer's assets in excess of liabilities are less than the amount its original capital requires lose license 3 years - ANSWER A judgment rendered against the insurer b...

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Chapter 8 - Mississippi Laws & Rules Pertinent to Insurance Correct 100%(RATED A+)

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A producer is suggesting replacement if a prospective insured is given all of the following advice, EXCEPT: - ANSWER Convert your Term insurance to Whole Life Which of the following would be a valid reason for suspending or revoking an insurance license? - ANSWER The producer misappropriated mone...

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Mississippi Life Insurance Laws Correct 100%(RATED A+)

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In general, who can be excluded from a producer licensing and examination requirements? - ANSWER Insurance company officers, directors , or any there employees who do not transact insurance and who do not receive commisons for their services (usually their responsibility include administrative, exec...

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MS Laws and Rules Complete Questions & Answers(RATED A+)

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And example of life insurance policy replacement would be which of the following? - ANSWER Cash surrender an existing life policy and purchasing a new life policy. Before holding a hearing regarding an agent's unfair or deceptive practice, the Insurance Commissioner MUST give how many days notic...

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