Exam (elaborations)
MISSISSIPPI LIFE AND HEALTH INSURANCE TEST QUESTIONS AND ANSWERS
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MISSISSIPPI LIFE AND HEALTH INSURANCE TEST QUESTIONS AND ANSWERS
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1-145 of 145A life insurance application must be signed by all of these, EXCEPT:
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beneficiary
,T took out a $50,000 life insurance policy with an Accidental Death and
Dismemberment rider. Five years later, T commits suicide. How much will the insurer
pay?
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50,000
Which of the following statements is CORRECT about the Life and Health Insurance
Guaranty Association?
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It is funded by insurance companies through assessments
What would the Medical Information Bureau (MIB) identify?
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Testing positive for marijuana use from a previous screening
What action will an insurer take if an interest payment on a policy loan is not made on
time?
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, automatically add the amount of interest due to the loan balance
S is employed by a large corporation that provides group health coverage for its
employees and their dependents. If S dies, the company must allow his surviving
spouse and dependents to continue their group health coverage for a maximum of
how many months under COBRA regulations?
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36
An insurance company that wants to transact business in Mississippi MUST take which
of the following action?
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Obtain a certificate of authority
Which Federal law allows an insurer to obtain an inspection report on a potential
insured?
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Fair Credit Reporting Act
, Before holding a hearing regarding a producer's unfair or deceptive practice, the
Commissioner of Insurance MUST give how many days notice?
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10
S, while in the process of converting her group life insurance to an individual policy,
dies. What happens to the claim her beneficiary submits?
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Full benefits are payable under the Master contract
Which of these statements is INCORRECT regarding a Preferred Provider
Organization (PPO)?
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PPO's are NOT a type of managed care systems
T applies for a life insurance policy and is told by the producer that the insurer is
bound to the coverage as of the date of the application or medical examination,
whichever is later. Assuming that T is an acceptable risk, what item is given to T?
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