MISSISSIPPI HEALTH AND LIFE
INSURANCE EXAM QUESTIONS AND
ANSWERS 2026 VERIFIED.
Accident - ANS An unplanned, unforeseen event which occurs suddenly and at an unspecified
place.
Accident Insurance - ANS A type of insurance that protects the insured against loss due to
accidental bodily injury
Accidental Death and Dismemberment - ANS An insurance policy which pays a specified
amount or a specified multiple of the insured's benefit if the insured dies, loses sight, or loses
two limbs due to an accident
Accidental Death Benefits - ANS A policy rider that states that the cause of death will be
analyzed to determine if it complies with the policy description of accidental death
Actual Charge - ANS The amount a physician or supplier actually bills for a particular service
or supply
Adhesion - ANS A contract offereed on a take it or leave it basis by an insurer, in which the
insured's only option is to accept or reject the contract. Any ambiguities in the contract will be
settled in favor of the insured
@COPYRIGHT ALL RIGHTS RESERVED PAGE 1 OF 22
,Admitted (Authorized) Insurer - ANS An insurance company authorized and licensed to
transact insurance in a paricular state
Adult Day Care - ANS A program for impaired adults that attempts to meet their health,
social, and functional needs ins a setting away from their homes
Adverse Selection - ANS The tendency of risks with higher probability of loss to purchase and
maintain insurance more often than the risks who present lower probability
Aleatory - ANS A contract in which participating parties exhange unequal amounts. Insurance
contracts are aleatory in that the amount the insured will pay in premiums is unequal to the
amount the insurer will pay in the event of a loss
Alien Insurer - ANS An insurance company that is incorporated outside the United States.
Apparent Authority - ANS The appearance or the assumption of authority based on the
actions, words, or deeds of the principal or because of circumstances the principal created.
Approved Amount - ANS The amount Medicare determines to be reasonable for a service
that is covered under part B of Medicare.
Assignment - ANS A claim to a provider or medical supplier to receive payments directly from
Medicare
Attained Age - ANS The age of the insured at a determined date.
@COPYRIGHT ALL RIGHTS RESERVED PAGE 2 OF 22
, Attending Physician's Statement (APS) - ANS A statement usually obtained from the
applicant's doctor.
Avoidance - ANS A method of dealing with risk by deliberately keeping away from it (e.g. if a
person wanted to avoid the risk of being killed in an airplane crash, he/she might choose never
to fly in a plane).
Basic Hospital Expense Insurance - ANS Coverage that provides benefits for room, board and
miscellaneous hospital expenses for a certain number of days during a hospital stay.
Basic Medical Expense Insurance - ANS Coverage for doctor visits, x-rays, lab tests, and
emergency room visits; benefits, however, are limited to specified dollar amounts.
beneficiary - ANS The person who receives the proceeds from the policy when the insured
dies
Benefit Period - ANS Length of time during which benefits are paid
Birthday rule - ANS The method of determining primary coverage for a dependent child,
under which the plan of the parent whose birthday occurs first in the calendar year is
designated as primary.
Blanket Medical Insurance - ANS A policy that provides benefits for all medical costs,
including doctor visits, hospitalization, and drugs.
Boycott - ANS An unfair trade practice in which on person refuses to do business with
another until he or she agrees to certain conditions
@COPYRIGHT ALL RIGHTS RESERVED PAGE 3 OF 22
INSURANCE EXAM QUESTIONS AND
ANSWERS 2026 VERIFIED.
Accident - ANS An unplanned, unforeseen event which occurs suddenly and at an unspecified
place.
Accident Insurance - ANS A type of insurance that protects the insured against loss due to
accidental bodily injury
Accidental Death and Dismemberment - ANS An insurance policy which pays a specified
amount or a specified multiple of the insured's benefit if the insured dies, loses sight, or loses
two limbs due to an accident
Accidental Death Benefits - ANS A policy rider that states that the cause of death will be
analyzed to determine if it complies with the policy description of accidental death
Actual Charge - ANS The amount a physician or supplier actually bills for a particular service
or supply
Adhesion - ANS A contract offereed on a take it or leave it basis by an insurer, in which the
insured's only option is to accept or reject the contract. Any ambiguities in the contract will be
settled in favor of the insured
@COPYRIGHT ALL RIGHTS RESERVED PAGE 1 OF 22
,Admitted (Authorized) Insurer - ANS An insurance company authorized and licensed to
transact insurance in a paricular state
Adult Day Care - ANS A program for impaired adults that attempts to meet their health,
social, and functional needs ins a setting away from their homes
Adverse Selection - ANS The tendency of risks with higher probability of loss to purchase and
maintain insurance more often than the risks who present lower probability
Aleatory - ANS A contract in which participating parties exhange unequal amounts. Insurance
contracts are aleatory in that the amount the insured will pay in premiums is unequal to the
amount the insurer will pay in the event of a loss
Alien Insurer - ANS An insurance company that is incorporated outside the United States.
Apparent Authority - ANS The appearance or the assumption of authority based on the
actions, words, or deeds of the principal or because of circumstances the principal created.
Approved Amount - ANS The amount Medicare determines to be reasonable for a service
that is covered under part B of Medicare.
Assignment - ANS A claim to a provider or medical supplier to receive payments directly from
Medicare
Attained Age - ANS The age of the insured at a determined date.
@COPYRIGHT ALL RIGHTS RESERVED PAGE 2 OF 22
, Attending Physician's Statement (APS) - ANS A statement usually obtained from the
applicant's doctor.
Avoidance - ANS A method of dealing with risk by deliberately keeping away from it (e.g. if a
person wanted to avoid the risk of being killed in an airplane crash, he/she might choose never
to fly in a plane).
Basic Hospital Expense Insurance - ANS Coverage that provides benefits for room, board and
miscellaneous hospital expenses for a certain number of days during a hospital stay.
Basic Medical Expense Insurance - ANS Coverage for doctor visits, x-rays, lab tests, and
emergency room visits; benefits, however, are limited to specified dollar amounts.
beneficiary - ANS The person who receives the proceeds from the policy when the insured
dies
Benefit Period - ANS Length of time during which benefits are paid
Birthday rule - ANS The method of determining primary coverage for a dependent child,
under which the plan of the parent whose birthday occurs first in the calendar year is
designated as primary.
Blanket Medical Insurance - ANS A policy that provides benefits for all medical costs,
including doctor visits, hospitalization, and drugs.
Boycott - ANS An unfair trade practice in which on person refuses to do business with
another until he or she agrees to certain conditions
@COPYRIGHT ALL RIGHTS RESERVED PAGE 3 OF 22
