MISSISSIPPI INSURANCE TEST COMPLETE QUESTIONS & ANSWERS (GRADED A).Buy Quality Materials!
more than one insurer
In independent agent may have contracts with which of the following?
life insurance
Insurance agent may not transact
four years
If you don't have acceptable financial responsibi...
more than one insurer
In independent agent may have contracts with which of the following?
life insurance
Insurance agent may not transact
four years
If you don't have acceptable financial responsibility and have an accident you may lose
your licence for up to
Material Misrepresentation
- a false statement that changes the outcome of issueing a policy
- generally with the health statement
Legal insurance
Includes the assumption of a contractual obligation to reimburse the insured against all
or a portion of fees costs and expenses related to or arising out of services performed
by or under the supervision of an attorney who is an active member of the bar.
medicare part A deductible
Which of the following is NOT covered under Plan A in Medigap insurance?
information the other party already knows
does not need to be communicated in a contract.
A written instrument in which a contract of insurance is set forth
insurance policy
The medical information bureau
Is not part of fraud prevention systems in agencies
fraud
Intentionally misrepresenting or concealing a material fact to induce an insurance
company To make a contract is known as
6
According to the code how many separate requirements should an insurance policy
have?
When the 1st premium is received
Life agents must tell applicants when their coverage will start or the conditions required
for their coverage to start either at the time of application or.
a fine up to $25,000
A person caught violating provisions regarding misrepresentations could be subject to
Insurance monetary value index
What must be disclosed in all advertisements in policies of term life insurance for
individuals 55 years of age or older
Providers must be under the jurisdiction of either the department of insurance or
other governmental agencies
Regarding the regulation of providers
The same number of hours of training in workers compensation as required for
property or casualty broker agent on the same subject
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