Mississippi Life and Health Final Exam
2026 Questions and Answers
What kind of life insurance product covers children under their parent's policy?
Family Maintenance rider
Term rider
Family Income rider
Payor benefit - Answer -Term Rider
Under a trustee group life policy, who would be eligible for a certificate of
coverage?
Corporation
Employee
Employer
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,Labor union - Answer -employee
A producer must report to the Commissioner of Insurance any administrative
action or criminal charges taken against the producer within __ days of the final
disposition of the matter.
10
15
20
30 - Answer -30
The return of all or part of the commission to the insured by an insurance producer
as an inducement to purchase the insurance is known as
twisting
redlining
rebating
misrepresentation - Answer -rebating
Insurance producer licenses normally must be renewed every
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,six months
one year
two years
three years - Answer -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 - Answer -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
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, open panel
co-op panel
capitation panel - Answer -closed panel
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 - Answer -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
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2026 Questions and Answers
What kind of life insurance product covers children under their parent's policy?
Family Maintenance rider
Term rider
Family Income rider
Payor benefit - Answer -Term Rider
Under a trustee group life policy, who would be eligible for a certificate of
coverage?
Corporation
Employee
Employer
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
,Labor union - Answer -employee
A producer must report to the Commissioner of Insurance any administrative
action or criminal charges taken against the producer within __ days of the final
disposition of the matter.
10
15
20
30 - Answer -30
The return of all or part of the commission to the insured by an insurance producer
as an inducement to purchase the insurance is known as
twisting
redlining
rebating
misrepresentation - Answer -rebating
Insurance producer licenses normally must be renewed every
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
,six months
one year
two years
three years - Answer -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 - Answer -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
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, open panel
co-op panel
capitation panel - Answer -closed panel
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 - Answer -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
©COPYRIGHT 2025, ALL RIGHTS RESERVED 4
