3/21/26, 1:17 PM Final Insurance Exam Mississippi
Mississippi Insurance Test Bank Final EXAM 2026
UPDATE Verified Questions And Answers |
Guaranteed Success!!
is elected by Mississippi voters to a 4 year term.
Insurance Commissioner
How much must the commissioner furnish to guarantee faithful
performance of his duties?
$25,000
Does the insurance commissioner enforce laws
yes
does the insurance commissioner make laws
no
Who are insurance laws made by
Mississippi legislature
/ 1/43
,3/21/26, 1:17 PM Final Insurance Exam Mississippi
What expires last day of month of agent's birthday in second year
following issuance and must be renewal within a 13 month time
frame
Agent's license
How long is the Agent's License good for
2 years
is a 15 year old contracted to buy insurance
yes
at what age are you considered to buy a contracted insurance
15 years
How many hours of pre-licensing education must you receive in order to
get your life, accident and health license
40
How many hours of pre-licensing education must you receive in order to
get your Life or Accident and Health license
20
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,3/21/26, 1:17 PM Final Insurance Exam Mississippi
How many hours of continuing education must you receive if license has
been in effect more than 18 months
24
How many hours of continuing education must you receive if license
has been in effect for 18 months or less
12
Within how many days must the agent notify insurance department of
change of address
30
What is the amount an agent may be fined up to for violating INS laws or
other causes
$1,000
What is the percent that an agent can earn in a 24 month period on "
controlled Business
35%
Insurance policy loan rate cannot exceed what percent
8%
What is the free look period time frame on Long term Care and Medicare
policies
30 days
/ 3/43
, 3/21/26, 1:17 PM Final Insurance Exam Mississippi
how many days must a insured provide written notice of accident and
health claim to the insurance company
20 days
how many days before and insurance company has to send claims
forms to insured after it receives notice of loss
15 days
What is considered and inactive agent?
One who is retired, disabled or does not have a certificate.
What can an inactive agent do and not do?
Cannot sell new business or service existing accounts and they may
receive renewal commissions
Transfers of risk of dying prematurely
Life insurance
What are the two types of risk
Pure and speculative risk
What type of risk involves chances of loss only
Pure risk
/ 4/43
Mississippi Insurance Test Bank Final EXAM 2026
UPDATE Verified Questions And Answers |
Guaranteed Success!!
is elected by Mississippi voters to a 4 year term.
Insurance Commissioner
How much must the commissioner furnish to guarantee faithful
performance of his duties?
$25,000
Does the insurance commissioner enforce laws
yes
does the insurance commissioner make laws
no
Who are insurance laws made by
Mississippi legislature
/ 1/43
,3/21/26, 1:17 PM Final Insurance Exam Mississippi
What expires last day of month of agent's birthday in second year
following issuance and must be renewal within a 13 month time
frame
Agent's license
How long is the Agent's License good for
2 years
is a 15 year old contracted to buy insurance
yes
at what age are you considered to buy a contracted insurance
15 years
How many hours of pre-licensing education must you receive in order to
get your life, accident and health license
40
How many hours of pre-licensing education must you receive in order to
get your Life or Accident and Health license
20
/ 2/43
,3/21/26, 1:17 PM Final Insurance Exam Mississippi
How many hours of continuing education must you receive if license has
been in effect more than 18 months
24
How many hours of continuing education must you receive if license
has been in effect for 18 months or less
12
Within how many days must the agent notify insurance department of
change of address
30
What is the amount an agent may be fined up to for violating INS laws or
other causes
$1,000
What is the percent that an agent can earn in a 24 month period on "
controlled Business
35%
Insurance policy loan rate cannot exceed what percent
8%
What is the free look period time frame on Long term Care and Medicare
policies
30 days
/ 3/43
, 3/21/26, 1:17 PM Final Insurance Exam Mississippi
how many days must a insured provide written notice of accident and
health claim to the insurance company
20 days
how many days before and insurance company has to send claims
forms to insured after it receives notice of loss
15 days
What is considered and inactive agent?
One who is retired, disabled or does not have a certificate.
What can an inactive agent do and not do?
Cannot sell new business or service existing accounts and they may
receive renewal commissions
Transfers of risk of dying prematurely
Life insurance
What are the two types of risk
Pure and speculative risk
What type of risk involves chances of loss only
Pure risk
/ 4/43
