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Exam (elaborations)

MS Property & Casualty Guaranteed Success

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MS Property & Casualty Guaranteed Success 24 hrs & 3 of those hours ethics ️To renew a producer license which is been in affect more than 18 months, a producer must complete ___________ 12 hrs ️To renew a producer license which is been in effect for 18 months or less, a producer must co...

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  • July 23, 2024
  • 9
  • 2023/2024
  • Exam (elaborations)
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MS Property & Casualty Guaranteed Success
24 hrs & 3 of those hours ethics ✔️To renew a producer license which is been in affect more than 18
months, a producer must complete ___________



12 hrs ✔️To renew a producer license which is been in effect for 18 months or less, a producer must
complete________ of CE.



30 days ✔️A producer must report to the commissioner any administrative action taken against the
producer in any jurisdiction, for by another governmental agency in the state within___________ of the
final disposition of the matter.



40 hrs ✔️How many hrs for Prelicensing education requirement hours needed for life/health/accident
and property and casualty agent in Mississippi



30 days ✔️Licensees must inform the commissioner of any change of address or name within _______
days of the change.



30 days ✔️The insurer or authorized representative of the insurer that terminates the appointment,
employment, contracts, or other insurance business relationship with the producer must notify the
commissioner within ________ days following the eff date of termination. Ex. Non production



180 days (exact) or 6 months ✔️The commissioner may issue a temporary insurance producer license
for a period not to exceed _________ days without requiring an examination if deemed necessary



90 days ✔️A person licensed as an insurance Producer in another state who moved to Mississippi must
make application within ________ days of establishing legal residence to become a resident licensing



1 year ✔️No licensee whose license has been revoked will be entitled to file another application for a
license as a producer within ______ year from the effective date of such revocation

, 10 days ✔️If the commissioner is requesting a hearing with an agent — the notice will state the time
and place for the hearing which means must be held not less than _______ days after the date notice is
served



May 1st ✔️When does the commissioner submit an annual report to the governor?



Complaints filed by insureds ✔️Annual report doesn't include...



Medical benefits ✔️This is unlimited in Mississippi



State level ✔️Insurance is regulated at the...



State insurance commissioner & state fire marshal ✔️Mike Chaney is the...



$5,000 ✔️Is the fine for violation of any provision of the insurance laws of Mississippi for which a
different penalty is not specifically provided (against commissioner)



$1,000 ✔️Is the fine for violating cease and desist order



15 days ✔️The number of days from the date the agency contract is executed or the first insurance
application is submitted that you're appointing insurer must file, in an approved format, a notice of
appointment



20 hours ✔️The number of hours for the prelicensing education requirement for adjuster only,
property only or casualty only.



Inactive agents can not.. ✔️Solicit new business or service existing businesses



Inactive agents may... ✔️Receive renewal commissions

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