PP aP gP eP |P1
MISSISSIPPI LIFE AND HEALTH P P P
INSURANCE EXAM 2025| BRAND NEW EX P P P P P
AM QUESTIONS WITH 100% CORRECT SOL
P P P P P
UTIONS | GUARANTEED SUCCESS| P P P
ACE YOUR GRADES. P P
Absolute assignment - Correct Answer-
P P P P
Policy assignment under which the assignee (person to whom the policy is a
P P P P P P P P P P P P
ssigned)
receives full control over the policy and also full rights to its benefits.
P P P P P P P P P P P P
Generally, when a policy is assigned to secure
P P P P P P P
a debt, the owner retains all rights in the policy in excess of the debt, even th
P P P P P P P P P P P P P P P P
ough the assignment is absolute in
P P P P P
form. (See assignment)
P P
Accelerated benefits rider - Correct Answer-
P P P P P
A life insurance rider that allows for the early payment of some portion of th
P P P P P P P P P P P P P P
e
policies face amount should the insured suffers from a terminal i l l n e s s or
P P P P P P P P P P P P P P P P P
injury.
P
Acceptance - Correct Answer-(See offer and acceptance)
P P P P P P
Accidental bodily injury provision - Correct Answer-
P P P P P P
Disability income or accident policy provision that requires that the injury
P P P P P P P P P P
be accidental in order for benefits to be payable.
P P P P P P P P
Accidental death and dismemberment (AD&D) - Correct Answer-
P P P P P P P
Insurance providing payment if the insured's death results
P P P P P P P
, PP aP gP eP |P2
from an accident, if the insured accidentally severs a limb above the wrist or
P P P P P P P P P P P P P
Pankle joints, or totally and irreversibly
P P P P P
Accidental death benefit rider - Correct Answer-
P P P P P P
A life insurance policy rider providing for payment of an additional benefit
P P P P P P P P P P P
when death occurs by accidental means.
P P P P P
Accidental dismemberment - Correct Answer- P P P P
Often defined as "the severance of limbs at or above the wrists or ankle
P P P P P P P P P P P P P
joints, or the entire irrevocable loss of sight." Loss of use in itself may or not b
P P P P P P P P P P P P P P P P
e considered dismemberment.
P P
Accidental means provision - Correct Answer-P P P P P
Unforeseen, unexpected, unintended cause of an accident. Requirement of
P P P P P P P P P
an
accident-
based policy that the cause of the mishap must be accidental for any claim t
P P P P P P P P P P P P P P
o be payable.
P P
Accident and health insurance - Correct Answer-
P P P P P P
Under which benefits are payable in case of disease, accidental injury, or
P P P P P P P P P P P
accidental death. Also called health insurance, personal health insurance, a
P P P P P P P P P
nd sickness and accident insurance.
P P P P
Accumulation unit - Correct Answer- P P P P
Premiums an annuitant pays into annuities are credited as accumulation unit
P P P P P P P P P P
s. At the end of
P P P P
the accumulation period, accumulation units are converted to annuity units.
P P P P P P P P P
Acquired immune deficiency syndrome (AIDS) - Correct Answer-A life-
P P P P P P P P
threatening condition brought on by the human
P P P P P P P
, PP aP gP eP |P3
immunodeficiency virus; insurers must adhere to strict underwriting and claiP P P P P P P P P
ms guidelines in regard to AIDS risks
P P P P P P
and AIDS-related conditions.
P P
Acute illness - Correct Answer-
P P P P
A serious condition, such as pneumonia, from which the body can fully recov
P P P P P P P P P P P P
er with proper
P P
medical attention. P
Adhesion - Correct Answer- P P P
A life insurance policy is a contract of adhesion because buyers must adhere
P P P P P P P P P P P P
to the terms of the
P P P P P
contract already in existence. They have no opportunity to negotiate terms, r
P P P P P P P P P P P
ates, values, and so on.
P P P P
Adjustable life insurance - Correct Answer- P P P P P
Combines features of both term and whole life coverage with the length of co
P P P P P P P P P P P P P
verage
and amount of accumulated cash value as the adjustable factors.
P P P P P P P P P
Premiums may be increased or decreased to fit the
P P P P P P P P
specific needs. Such adjustments are not retroactive and apply only to the fut
P P P P P P P P P P P P
ure.
Administrative-services-only (ASO) Plan - Correct Answer- P P P P P
Arrangement under which an insurance company or an P P P P P P P
independent organization, for a fee, handles the administration of claims, be
P P P P P P P P P P
nefits, and other administrative
P P P
functionsfor a self-insured group. P P P
Admitted insurer - Correct Answer- P P P P
An insurance company that has met the legal and financial requirements for
P P P P P P P P P P P P
operation within P
a given state.
P P
, PP aP gP eP |P4
Adult day care - Correct Answer-
P P P P P
Type of care (usually custodial) designed for individuals who require assista
P P P P P P P P P P
nce with various
P P
activities of daily living, while their primary caregivers are absent. Offered in
P P P P P P P P P P P P
care centers.
P
Adverse selection - Correct Answer-Selection "against the company."
P P P P P P P
Tendency of less favorable insurance risks to seek or
P P P P P P P P
continue insurance to a greater extent than others. Also, tendency of policy o
P P P P P P P P P P P P
wners to take advantage of favorable
P P P P P
options in insurance contracts.
P P P
Advertising Code - Correct Answer- P P P P
Rules established by the National Association of Insurance Commissioners (
P P P P P P P P P
NAIC) to P
regulate insurance advertising.
P P
Agency - Correct Answer-
P P P
Situation wherein one party (an agent) has the power to act for another (the
P P P P P P P P P P P P P P
principal) i n dealing P P P
with third parties.
P P
Agent - Correct Answer-
P P P
Anyone not a duly licensed broker who solicits insurance or aids in placing ri
P P P P P P P P P P P P P
sks, delivering policies, or
P P P
collecting premiums on behalf of an insurance company.
P P P P P P P
Agent's report - Correct Answer-
P P P P
The section of an insurance application where the agent reports personal ob
P P P P P P P P P P P
servations about the P P
applicant.
MISSISSIPPI LIFE AND HEALTH P P P
INSURANCE EXAM 2025| BRAND NEW EX P P P P P
AM QUESTIONS WITH 100% CORRECT SOL
P P P P P
UTIONS | GUARANTEED SUCCESS| P P P
ACE YOUR GRADES. P P
Absolute assignment - Correct Answer-
P P P P
Policy assignment under which the assignee (person to whom the policy is a
P P P P P P P P P P P P
ssigned)
receives full control over the policy and also full rights to its benefits.
P P P P P P P P P P P P
Generally, when a policy is assigned to secure
P P P P P P P
a debt, the owner retains all rights in the policy in excess of the debt, even th
P P P P P P P P P P P P P P P P
ough the assignment is absolute in
P P P P P
form. (See assignment)
P P
Accelerated benefits rider - Correct Answer-
P P P P P
A life insurance rider that allows for the early payment of some portion of th
P P P P P P P P P P P P P P
e
policies face amount should the insured suffers from a terminal i l l n e s s or
P P P P P P P P P P P P P P P P P
injury.
P
Acceptance - Correct Answer-(See offer and acceptance)
P P P P P P
Accidental bodily injury provision - Correct Answer-
P P P P P P
Disability income or accident policy provision that requires that the injury
P P P P P P P P P P
be accidental in order for benefits to be payable.
P P P P P P P P
Accidental death and dismemberment (AD&D) - Correct Answer-
P P P P P P P
Insurance providing payment if the insured's death results
P P P P P P P
, PP aP gP eP |P2
from an accident, if the insured accidentally severs a limb above the wrist or
P P P P P P P P P P P P P
Pankle joints, or totally and irreversibly
P P P P P
Accidental death benefit rider - Correct Answer-
P P P P P P
A life insurance policy rider providing for payment of an additional benefit
P P P P P P P P P P P
when death occurs by accidental means.
P P P P P
Accidental dismemberment - Correct Answer- P P P P
Often defined as "the severance of limbs at or above the wrists or ankle
P P P P P P P P P P P P P
joints, or the entire irrevocable loss of sight." Loss of use in itself may or not b
P P P P P P P P P P P P P P P P
e considered dismemberment.
P P
Accidental means provision - Correct Answer-P P P P P
Unforeseen, unexpected, unintended cause of an accident. Requirement of
P P P P P P P P P
an
accident-
based policy that the cause of the mishap must be accidental for any claim t
P P P P P P P P P P P P P P
o be payable.
P P
Accident and health insurance - Correct Answer-
P P P P P P
Under which benefits are payable in case of disease, accidental injury, or
P P P P P P P P P P P
accidental death. Also called health insurance, personal health insurance, a
P P P P P P P P P
nd sickness and accident insurance.
P P P P
Accumulation unit - Correct Answer- P P P P
Premiums an annuitant pays into annuities are credited as accumulation unit
P P P P P P P P P P
s. At the end of
P P P P
the accumulation period, accumulation units are converted to annuity units.
P P P P P P P P P
Acquired immune deficiency syndrome (AIDS) - Correct Answer-A life-
P P P P P P P P
threatening condition brought on by the human
P P P P P P P
, PP aP gP eP |P3
immunodeficiency virus; insurers must adhere to strict underwriting and claiP P P P P P P P P
ms guidelines in regard to AIDS risks
P P P P P P
and AIDS-related conditions.
P P
Acute illness - Correct Answer-
P P P P
A serious condition, such as pneumonia, from which the body can fully recov
P P P P P P P P P P P P
er with proper
P P
medical attention. P
Adhesion - Correct Answer- P P P
A life insurance policy is a contract of adhesion because buyers must adhere
P P P P P P P P P P P P
to the terms of the
P P P P P
contract already in existence. They have no opportunity to negotiate terms, r
P P P P P P P P P P P
ates, values, and so on.
P P P P
Adjustable life insurance - Correct Answer- P P P P P
Combines features of both term and whole life coverage with the length of co
P P P P P P P P P P P P P
verage
and amount of accumulated cash value as the adjustable factors.
P P P P P P P P P
Premiums may be increased or decreased to fit the
P P P P P P P P
specific needs. Such adjustments are not retroactive and apply only to the fut
P P P P P P P P P P P P
ure.
Administrative-services-only (ASO) Plan - Correct Answer- P P P P P
Arrangement under which an insurance company or an P P P P P P P
independent organization, for a fee, handles the administration of claims, be
P P P P P P P P P P
nefits, and other administrative
P P P
functionsfor a self-insured group. P P P
Admitted insurer - Correct Answer- P P P P
An insurance company that has met the legal and financial requirements for
P P P P P P P P P P P P
operation within P
a given state.
P P
, PP aP gP eP |P4
Adult day care - Correct Answer-
P P P P P
Type of care (usually custodial) designed for individuals who require assista
P P P P P P P P P P
nce with various
P P
activities of daily living, while their primary caregivers are absent. Offered in
P P P P P P P P P P P P
care centers.
P
Adverse selection - Correct Answer-Selection "against the company."
P P P P P P P
Tendency of less favorable insurance risks to seek or
P P P P P P P P
continue insurance to a greater extent than others. Also, tendency of policy o
P P P P P P P P P P P P
wners to take advantage of favorable
P P P P P
options in insurance contracts.
P P P
Advertising Code - Correct Answer- P P P P
Rules established by the National Association of Insurance Commissioners (
P P P P P P P P P
NAIC) to P
regulate insurance advertising.
P P
Agency - Correct Answer-
P P P
Situation wherein one party (an agent) has the power to act for another (the
P P P P P P P P P P P P P P
principal) i n dealing P P P
with third parties.
P P
Agent - Correct Answer-
P P P
Anyone not a duly licensed broker who solicits insurance or aids in placing ri
P P P P P P P P P P P P P
sks, delivering policies, or
P P P
collecting premiums on behalf of an insurance company.
P P P P P P P
Agent's report - Correct Answer-
P P P P
The section of an insurance application where the agent reports personal ob
P P P P P P P P P P P
servations about the P P
applicant.
