Preparation Exam Questions And Correct
Answers (Verified) Latest Update 2026/2027 |
Graded A+.
Save
Terms in this set (55)
Minimum net worth for contractor $50,000 net worth.
license
Years of experience required for 4 years of experience in the field.
contractor license
Purpose of the Mississippi The Mississippi Contractor's License Board
Contractor's License Board regulates the licensing of contractors, ensuring that
they meet legal and professional standards.
Types of work requiring a General contracting, electrical, plumbing, HVAC,
contractor's license and mechanical work, among others.
Penalty for working as an unlicensed Penalties can include fines of up to $1,000 or
contractor imprisonment for up to 6 months.
General liability insurance Contractors must have a minimum of $100,000 in
requirement for contractors general liability insurance.
, Requirements for contractor license A completed application form, proof of
application experience, proof of financial stability, proof of
insurance, and an application fee.
Contractor bond requirement in A $25,000 contractor bond is required.
Mississippi
Agency administering the Mississippi The Mississippi State Board of Contractors.
Contractors State Licensing Exam
License renewal frequency for Every 2 years.
contractors
Required passing score for the A passing score of 70%.
Mississippi Contractors Business and
Law exam
Purpose of the Mississippi To ensure contractors are familiar with business,
Contractors Business and Law exam legal, and financial aspects of running a
contracting business.
Responsible managing officer (RMO) A person with qualifying experience in the
for licensed contractor contracting business and who meets the necessary
requirements set by the licensing board.
Deadline for submitting contractor's Contractors must submit their applications at least
license application 30 days before they begin any work that requires a
license.
Official book containing laws and The Mississippi Construction Law Handbook.
regulations related to contracting