Page 1 of 7
MS LAWS AND RULES EXAM | FREQUENTLY
TESTED QUESTIONS WITH CORRECT
ANSWERS | BRAND NEW!
Michael the insurance producer acts in a fiduciary capacity when
conducting business with all of these principals EXCEPT - ✔✔✔
Correct Answer > the Commissioner of Insurance
What is the requirement for maintaining an individual MS
producer license? - ✔✔✔ Correct Answer > Completing 24 hours of
continuing education every 2 years
Which of the following actions must be taken by an insurance
company that wishes to conduct business in MS? - ✔✔✔ Correct
Answer > Acquire a certificate of authority
Which of these individuals would require continuing education? -
✔✔✔ Correct Answer > Resident producers
A Long-Term Care policy sold in MS MUST be - ✔✔✔ Correct Answer >
Guaranteed renewable
, Page 2 of 7
A producer is attempting to replace an existing life insurance
policy with a new one. What must this producer submit as part of
the application - ✔✔✔ Correct Answer > A signed statement by the
applicant regarding the replacement
How often must an insurance producer's license be renewed? -
✔✔✔ Correct Answer > Every 2 years
At what point does the life and health insurance guaranty
association become involved with an insurer's affairs? - ✔✔✔
Correct Answer > When the insurer becomes insolvent
Long-term care policies sold in MS may exclude coverage for
pre-existing conditions for - ✔✔✔ Correct Answer > 6 months
Health policies sold in MS are REQUIRED to begin medical
coverage of a newborn beginning at - ✔✔✔ Correct Answer > the
moment of birth
A hearing must be held before a producer's license can be
suspended or revoked. Prior to the hearing, the Commissioner of
Insurance is required to - ✔✔✔ Correct Answer > give written notice to
the producer
MS LAWS AND RULES EXAM | FREQUENTLY
TESTED QUESTIONS WITH CORRECT
ANSWERS | BRAND NEW!
Michael the insurance producer acts in a fiduciary capacity when
conducting business with all of these principals EXCEPT - ✔✔✔
Correct Answer > the Commissioner of Insurance
What is the requirement for maintaining an individual MS
producer license? - ✔✔✔ Correct Answer > Completing 24 hours of
continuing education every 2 years
Which of the following actions must be taken by an insurance
company that wishes to conduct business in MS? - ✔✔✔ Correct
Answer > Acquire a certificate of authority
Which of these individuals would require continuing education? -
✔✔✔ Correct Answer > Resident producers
A Long-Term Care policy sold in MS MUST be - ✔✔✔ Correct Answer >
Guaranteed renewable
, Page 2 of 7
A producer is attempting to replace an existing life insurance
policy with a new one. What must this producer submit as part of
the application - ✔✔✔ Correct Answer > A signed statement by the
applicant regarding the replacement
How often must an insurance producer's license be renewed? -
✔✔✔ Correct Answer > Every 2 years
At what point does the life and health insurance guaranty
association become involved with an insurer's affairs? - ✔✔✔
Correct Answer > When the insurer becomes insolvent
Long-term care policies sold in MS may exclude coverage for
pre-existing conditions for - ✔✔✔ Correct Answer > 6 months
Health policies sold in MS are REQUIRED to begin medical
coverage of a newborn beginning at - ✔✔✔ Correct Answer > the
moment of birth
A hearing must be held before a producer's license can be
suspended or revoked. Prior to the hearing, the Commissioner of
Insurance is required to - ✔✔✔ Correct Answer > give written notice to
the producer
