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MS Property & Casualty Exam Questions with answers 2024 passed $9.99   Add to cart

Exam (elaborations)

MS Property & Casualty Exam Questions with answers 2024 passed

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  • Module
  • Massachusetts Property & Casualty
  • Institution
  • Massachusetts Property & Casualty

MS Property & Casualty Exam Questions The penalty for violating a cease and desist order of the Commissioner might be a loss of license and...? - correct answer A fine up to $1,000 for each violation An insurer formed under the laws of Mississippi is known as...? - correct answer Domestic Insur...

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  • February 7, 2024
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  • 2023/2024
  • Exam (elaborations)
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  • Massachusetts Property & Casualty
  • Massachusetts Property & Casualty

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By: zacharybeasley • 1 month ago

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Sakayobako30
MS Property & Casualty Exam Questions
The penalty for violating a cease and desist order of the Commissioner might be a loss of license and...? -
correct answer A fine up to $1,000 for each violation
An insurer formed under the laws of Mississippi is known as...? - correct answer Domestic Insurer
An insurance company owned by its POLICYHOLDERS is known as a...? - correct answer Mutual Insurer
Is the Commissioner of Insurance appointed or elected? - correct answer The Commissioner is ELECTED never appointed. Watch for the terminology on the exam.
The person considered to be the INSURER is? - correct answer The Insurance Company
What is true about inactive agents? - correct 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...? - correct answer Compulsory
What is the general penalty for violating provisions of the Insurance Code? - correct answer A fine up to $5,000
What is the legal age a person MUST be to obtain a contract to sell property and casualty insurance? - correct answer 18 years of age
Is an exam required to obtain a temporary producer license? - correct answer No. An exam is not required for a temporary license to be issued.

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