Mississippi Life and Health Insurance Actual Final Exam 2025 \Exam Most
Recent Exam Actual Complete Real Exam Questions And Correct Answers
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Insurance producer licenses normally must be renewed every
six months
one year
two years
three years
two years
Which of the following phrases refers to the fees charged by a healthcare professional?
Deductible
Coinsurance
Usual, customary, and reasonable expenses
Hospital expense
Usual, customary, and reasonable expenses
,The situation in which a group of physicians are salaried employees and conduct
business in an HMO facility is called a(n)
closed panel
open panel
co-op panel
capitation panel
closed panel
An insurance company formed under the laws of Canada would be known in Mississippi
as
a domestic company an alien company
a foreign company a mutual company
an alien company
What kind of life insurance beneficiary requires his/her consent when a change of
beneficiary is made?
Irrevocable beneficiary Tertiary beneficiary
Primary beneficiary Revocable beneficiary
irrevocable beneficiary
,An accident policy will most likely pay a benefit for a(n)
self-inflicted injury
critical illness
on-the-job accident
off-the-job accident
off-the-job accident
B has a $100,000 Accidental Death and Dismemberment policy that pays triple indemnity
for common carrier death. If B is killed from an accident on a commercial flight, what will
the policy pay B's beneficiary?
$100,000
$200,000
$300,000
$400,000
$300,000
An insurance company that replaces existing insurance must provide a copy of which of
the following documents to the existing insurance company?
The new policy
The premium and interest figures for the proposed policy A
policy summary
The Notice Regarding Proposed Replacement of Life Insurance or Annuity
a policy summary
, K is the insured and P is the sole beneficiary on a life insurance policy. Both are involved
in a fatal accident where K dies before P. Under the Common Disaster provision, which of
these statements is true?
-Proceeds will be paid to P's estate
-Proceeds will be divided equally between K's and P's estate
-Proceeds will be payable to K's estate if P dies within a specified time
-The courts will decide who will receive death benefits
Proceeds will be payable to K's estate if P dies within a specified time
Unfair discrimination is described as
failing to choose a specific policy type
charging different rates for persons in the same class
writing different policies for different individuals
writing policies for only one company
charging different rates for persons in the same class
An agent takes an individual Disability Income application, collects the appropriate
premium, and issues the prospective insured a conditional receipt. The next step the
insurance company will take is to
-issue the policy only when the initial premium check has cleared
-determine if the applicant is insurable by investigating family health history
-issue the policy on a standard basis
-determine if the applicant is an acceptable risk by completing standard underwriting
procedures
determine if the applicant is an acceptable risk by completing standard underwriting
procedures
Recent Exam Actual Complete Real Exam Questions And Correct Answers
(Verified Answers) Already Graded A+ || Guaranteed Success!! Newest Exam |
Just Released!!2026 -2027
Insurance producer licenses normally must be renewed every
six months
one year
two years
three years
two years
Which of the following phrases refers to the fees charged by a healthcare professional?
Deductible
Coinsurance
Usual, customary, and reasonable expenses
Hospital expense
Usual, customary, and reasonable expenses
,The situation in which a group of physicians are salaried employees and conduct
business in an HMO facility is called a(n)
closed panel
open panel
co-op panel
capitation panel
closed panel
An insurance company formed under the laws of Canada would be known in Mississippi
as
a domestic company an alien company
a foreign company a mutual company
an alien company
What kind of life insurance beneficiary requires his/her consent when a change of
beneficiary is made?
Irrevocable beneficiary Tertiary beneficiary
Primary beneficiary Revocable beneficiary
irrevocable beneficiary
,An accident policy will most likely pay a benefit for a(n)
self-inflicted injury
critical illness
on-the-job accident
off-the-job accident
off-the-job accident
B has a $100,000 Accidental Death and Dismemberment policy that pays triple indemnity
for common carrier death. If B is killed from an accident on a commercial flight, what will
the policy pay B's beneficiary?
$100,000
$200,000
$300,000
$400,000
$300,000
An insurance company that replaces existing insurance must provide a copy of which of
the following documents to the existing insurance company?
The new policy
The premium and interest figures for the proposed policy A
policy summary
The Notice Regarding Proposed Replacement of Life Insurance or Annuity
a policy summary
, K is the insured and P is the sole beneficiary on a life insurance policy. Both are involved
in a fatal accident where K dies before P. Under the Common Disaster provision, which of
these statements is true?
-Proceeds will be paid to P's estate
-Proceeds will be divided equally between K's and P's estate
-Proceeds will be payable to K's estate if P dies within a specified time
-The courts will decide who will receive death benefits
Proceeds will be payable to K's estate if P dies within a specified time
Unfair discrimination is described as
failing to choose a specific policy type
charging different rates for persons in the same class
writing different policies for different individuals
writing policies for only one company
charging different rates for persons in the same class
An agent takes an individual Disability Income application, collects the appropriate
premium, and issues the prospective insured a conditional receipt. The next step the
insurance company will take is to
-issue the policy only when the initial premium check has cleared
-determine if the applicant is insurable by investigating family health history
-issue the policy on a standard basis
-determine if the applicant is an acceptable risk by completing standard underwriting
procedures
determine if the applicant is an acceptable risk by completing standard underwriting
procedures
