100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Life, Health, & Accident Practice Test | 100 Questions| Correct 100%(SCORED A+) $14.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. Life, Health, & Accident
  4.  
  5. Life, Health, & Accident

Exam (elaborations)

Life, Health, & Accident Practice Test | 100 Questions| Correct 100%(SCORED A+)
 5 views  0 purchase
  • Course
  • Life, Health, & Accident
  • Institution
  • Life, Health, & Accident

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 ...

[Show more]

Preview 2 out of 8  pages

Document information

  • April 19, 2024
  • 8
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • life health accident practice test 100 quest
  • life health accident practice stuvia

Written for

  • Life, Health, & Accident
  • Life, Health, & Accident

Seller

avatar-seller
papersmaster01

Reviews received

Content preview

Life, Health, & Accident Practice Test | 100 Questions| Correct 100%(SCORED A+)
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
An insurer formed under the laws of Mississippi is known as a - ANSWER Domestic Insurer
Which of the following is considered to be an insurer - ANSWER Insurance Company
All of the following are true about inactive agents in Ms except - ANSWER An inactive agent may solicit new business
If a person violates a cease and desist order of the Commissioner while it is in effect, the penalty may be loss of license and a fine of up to - ANSWER $1000 for each violation
The general penalty for violating any provision of the insurance code for which a different penalty is not specifically provided is - ANSWER A fine up to $5000
In Ms, minors attain a legal right to contract for life and health insurance on their own lives upon reaching - ANSWER 15 years of age
All of the following are true about temporary producer licenses issued by the Commissioner expect - ANSWER Applicants for temporary licenses must take and pass
a written exam
Under the Fair Credit Reporting Act, a Consumer has all of the following rights Except - ANSWER The right to conceal information from a particular recipient
The principle of indemnity states that - ANSWER The insured is restored to the same condition as before the loss A restricted capacity to contract would not necessarily characterize - ANSWER A Retired persons
In Ms, a licensed producer who has a change of address may be subject to a penalty unless the producer notifies the Commissioner within - ANSWER 30 days of the change
What is the maximum percentage of commissions that a producer may earn for writing controlled business during any 24-month period - ANSWER 35%
The Commissioner of Insurance may place on probation, suspend, revoke, or refuse to issue or renew an insurance producer's license for all of the following reasons except - ANSWER Paying a commission to another duly-licensed producer
An insurance company must appoint an agent within how many days of the date the agency contract is executed or the first insurance application is submitted - ANSWER 15 days
It is unlawful for an insurance producer to give any valuable consideration or pay a referral fee to - ANSWER A licensed producer
After a producer's license has expired, the producer may have the license reinstated without taking an examination if application is made within - ANSWER 12 Months
The privilege license and filing fees required for life, accident and health insurance producers expire on - ANSWER The last day of the producer's birth month every 2 years
In Ms, what is the penalty fo acting as a life and health insurance agent without holding the required license - ANSWER A fine of $200 to $500 or imprisonment for 1 to 2 years,
or both
A person must be licensed to do all of the following except - ANSWER Advertise without
the intent to solicit on behalf of the insurance company
Ron owns a $100,000 whole life policy. At age 47, Ron decides to cancel his policy and exercise the extended term option with the policy's cash value. He will receive a term policy with a face value of - ANSWER 100,000
Premiums for which of the following policies are deductible by an individual for income tax purpose - ANSWER None of the above
Elain own a $100,000 whole life policy with an additional $100,000 accidental death rider attached to it. While driving to work Elaine suffers a massive heart attack and dies instantly. Her auto then runs off the road and crashes down an embankment. How much
will her policy pay to the beneficiary. - ANSWER 100,000

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller papersmaster01. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $14.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

72841 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$14.49
  • (0)
  Add to cart