HEALTH MISSISSIPPI INSURANCE EXAM QUESTIONS WITH CORRECT ANSWERS
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Course
Mississippi Insurance
Institution
Mississippi Insurance
In which of the following situations is it illegal for an insurer to disclose privileged information about an insured? - ANS A researcher for marketing purposes
If an insurance company wishes to order a consumer report on an applicant to assist the underwriting process, and if a notice of in...
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, In which of the following situations is it illegal for an insurer to disclose privileged information
about an insured? - ANS A researcher for marketing purposes
If an insurance company wishes to order a consumer report on an applicant to assist the
underwriting process, and if a notice of insurance information practices has been provided, the
report man contain all of the following information EXCEPT the applicant's - ANS Ancestry
A producer is acting in what capacity when he or she is trying to obtain credible information
K
about an applicant for health insurance? - ANS Field underwriting
Which of the following entities can legally bind coverage? - ANS Insurer
C
An agent is ready to deliver a policy to an applicant but has not yet received payment. Upon
delivery, the agent collects the applicant's premium check, answers any questions the applicant
LO
may have, and then leaves. What did he forget to do? - ANS Ask her to sign a statement of
good health
Which of the below statements is FALSE regarding the process of completing and signing an
application? - ANS Only the insured is required to sign the application.
YC
What phase begins after a new policy is delivered? - ANS Free-look period
Because an insurance policy is a legal contract, it must conform to the state laws governing
contracts which require all of the following elements EXCEPT - ANS Conditions
D
What is a material misrepresentation? - ANS A statement by the applicant that, upon
discovery, would affect the underwriting decision of the insurance company
U
Insurance policies, the insured is not legally bound to any particular action in the insurance
contract, but the insurer is legally obligated to pay losses covered by the policy. What contracted
element does the describe? - ANS Unilateral
ST
The Federal Fair Credit Reporting Act - ANS Regulates consumer reports
An insurer neglects to pay a legitimate claim that is covered under the terms of the policy. Which
of the following insurance principles has the insurer violated? - ANS Consideration
Which of the following terms most precisely fits the definition of "the incidence or probability of
sicknesses or accidents within given group of people?" - ANS Morbidity
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