Mississippi Insurance Final
2026 Exam Questions and
Answers | Already Graded A+
Insurers may request a hearing within ___ if their policy is rejected -
ANSWER ✔✔20 Days
A Variable Annuity has which of the following characteristics? -
ANSWER ✔✔Underlying equity investments
What is the Suicide provision designed to do? - ANSWER
✔✔safeguard the insurer from an applicant who is contemplating suicide
,ABC Insurance Company is replacing an existing life policy from XYZ
Insurance Company. ABC Insurance Company must provide which of
the following documents to XYZ Insurance Company? - ANSWER
✔✔A policy summary
What is the purpose of the Time of Payment of Claims provision? -
ANSWER ✔✔Prevents delayed claim payments made by the insurer
Which premium schedule results in the lowest cost to the policyowner? -
ANSWER ✔✔Annual
Which of the following is NOT included in an annuity contract? -
ANSWER ✔✔AD&D rider
P received Disability income benefits for 3 months then returns to work.
She is able to work one month before her condition returns, leaving her
disabled once again. What would the insurance company most likely
regard this second period of disability as? - ANSWER ✔✔A recurrent
disability
Which of the following reimburses its insureds for covered medical
expenses? - ANSWER ✔✔Commercial insurers
, Which health policy clause stipulates that an insurance company must
attach a copy of the application to the policy to ensure that it is part of
the contract? - ANSWER ✔✔Entire Contract
Which of the following is NOT included in the policy face? - ANSWER
✔✔Exclusions
An employee with $25,000 group term life coverage was recently fired.
This employee's group coverage may be converted to a - ANSWER
✔✔$25,000 individual whole life policy
P is looking to purchase a life insurance policy that will pay a stated
monthly income to his beneficiaries for 20 years after he dies and a lump
sum of $20,000 at the end of that 20 year period. What type of policy
should P purchase? - ANSWER ✔✔Family Maintenance policy
According to the Mandatory Uniform Policy Provisions, what is the
maximum amount of time after the premium due date during which the
policy remains in force even though the premium has not been paid? -
ANSWER ✔✔31 days
Which of the following statements about accumulated interest earned on
dividends from an insurance policy is TRUE? - ANSWER ✔✔Taxed
as ordinary income
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2026. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
2026 Exam Questions and
Answers | Already Graded A+
Insurers may request a hearing within ___ if their policy is rejected -
ANSWER ✔✔20 Days
A Variable Annuity has which of the following characteristics? -
ANSWER ✔✔Underlying equity investments
What is the Suicide provision designed to do? - ANSWER
✔✔safeguard the insurer from an applicant who is contemplating suicide
,ABC Insurance Company is replacing an existing life policy from XYZ
Insurance Company. ABC Insurance Company must provide which of
the following documents to XYZ Insurance Company? - ANSWER
✔✔A policy summary
What is the purpose of the Time of Payment of Claims provision? -
ANSWER ✔✔Prevents delayed claim payments made by the insurer
Which premium schedule results in the lowest cost to the policyowner? -
ANSWER ✔✔Annual
Which of the following is NOT included in an annuity contract? -
ANSWER ✔✔AD&D rider
P received Disability income benefits for 3 months then returns to work.
She is able to work one month before her condition returns, leaving her
disabled once again. What would the insurance company most likely
regard this second period of disability as? - ANSWER ✔✔A recurrent
disability
Which of the following reimburses its insureds for covered medical
expenses? - ANSWER ✔✔Commercial insurers
, Which health policy clause stipulates that an insurance company must
attach a copy of the application to the policy to ensure that it is part of
the contract? - ANSWER ✔✔Entire Contract
Which of the following is NOT included in the policy face? - ANSWER
✔✔Exclusions
An employee with $25,000 group term life coverage was recently fired.
This employee's group coverage may be converted to a - ANSWER
✔✔$25,000 individual whole life policy
P is looking to purchase a life insurance policy that will pay a stated
monthly income to his beneficiaries for 20 years after he dies and a lump
sum of $20,000 at the end of that 20 year period. What type of policy
should P purchase? - ANSWER ✔✔Family Maintenance policy
According to the Mandatory Uniform Policy Provisions, what is the
maximum amount of time after the premium due date during which the
policy remains in force even though the premium has not been paid? -
ANSWER ✔✔31 days
Which of the following statements about accumulated interest earned on
dividends from an insurance policy is TRUE? - ANSWER ✔✔Taxed
as ordinary income
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2026. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
