MS Life, Health, & Accident Practice Test
Exam Questions with Revised Answers (2025
/ 2026) 100% Guarantee Pass.
To renew a producers' license, the producer must
A. Certify no controlled business was written in the immediately preceding licensing period
B. Certify no controlled business will be written in the upcoming licensing period
C. Be appointed by an insurer
D. Satisfy the state's continuing education requirement - CORRECT ANSWERS D. Satisfy the
state's continuing education requirement
The Commissioner of Insurance in Mississippi is appointed for a term of
A. Two Years
B. Four Years
C. Six Years
D. None of the Above - CORRECT ANSWERS D. None of the Above
An incorporated insurer owned by its policyholders is known as a
A. Mutual Insurer
B. Stock Insurer
C. Foreign Insurer
D. Reciprocal Insurer - CORRECT ANSWERS A. Mutual Insurer
,An Insurer formed under the laws of Mississippi is known as
A. Mutual Insurer
B. Reciprocal Insurer
C. Foreign Insurer
D. Domestic Insurer - CORRECT ANSWERS Domestic Insurer
Which of the following is considered to be an insurer
A. Insurance Company
B. Insurance Agent
C. Insurance Policyowner
D. Beneficiary - CORRECT ANSWERS A. Insurance Company
All of the following are true about inactive agents in Mississippi except
A. An inactive agent may receive renewal commissions
B. An inactive agent may solicit new business
C. An agent who is retired or disabled is considered inactive
D. An agent who has not obtained a continuous Certificate of Authority is considered inactive - CORRECT
ANSWERS B. An inactive agent may solicit
new business
If a person violates a cease and desist order of the Commissioner while it is in effect, the penalty may be
loss of license and a fine of up to
,A. $500 for each violation
B. $1,000 for each violation
C. $2,500 for each violation
D. $5,000 for each violation - CORRECT ANSWERS B. $1,000 for each violation
The general penalty for violating any provision of the insurance code for which a different penalty is not
specifically provided is
A. A fine of up to $5,000
B. A fine of up to $2,500
C. A fine of up to $1,000
D. A fine of up to $500 - CORRECT ANSWERS A. A fine of up to $5,000
In Mississippi, minors attain a legal right to contract for life and health insurance on their own lives upon
reaching
A. 15 years of age
B. 16 years of age
C. 17 years of age
D. 18 years of age - CORRECT ANSWERS A. 15 years of age
All of the following are true about temporary producer licenses issued by the Commissioner except
A. Temporary licenses are issued for limited term
B. A temporary license may be issued to another person upon the death of a licensed agent
, C. A temporary license may be issued to another person if a license agent is disabled
D. Applicants for temporary licenses must take and pass a written exam - CORRECT ANSWERS
D. Applicants for temporary licenses must take and pass a written exam
Under the Fair Credit Reporting Act, a Consumer has all of the following rights Except
A. The right to conceal information from particular recipients
B. The right to have inaccurate information deleted from consumer reports
C. The right to know the sources of information in consumer reports
D. The right to request an investigation of incorrect information - CORRECT ANSWERS A. The
right to conceal information from particular recipients
The principle of indemnity states that
A. Insurable risks must be based on the law of large numbers
B. The insured is restored to the same condition as before the
loss
C. The insured must perform certain acts to receive benefits
D. Only the insurer makes an enforceable promise - CORRECT ANSWERS B. The insured is
restored to the same condition as before the
loss
A restricted capacity to contract would not necessarily characterize
A. Retired persons
B. Insane persons
C. Minors under a certain age
Exam Questions with Revised Answers (2025
/ 2026) 100% Guarantee Pass.
To renew a producers' license, the producer must
A. Certify no controlled business was written in the immediately preceding licensing period
B. Certify no controlled business will be written in the upcoming licensing period
C. Be appointed by an insurer
D. Satisfy the state's continuing education requirement - CORRECT ANSWERS D. Satisfy the
state's continuing education requirement
The Commissioner of Insurance in Mississippi is appointed for a term of
A. Two Years
B. Four Years
C. Six Years
D. None of the Above - CORRECT ANSWERS D. None of the Above
An incorporated insurer owned by its policyholders is known as a
A. Mutual Insurer
B. Stock Insurer
C. Foreign Insurer
D. Reciprocal Insurer - CORRECT ANSWERS A. Mutual Insurer
,An Insurer formed under the laws of Mississippi is known as
A. Mutual Insurer
B. Reciprocal Insurer
C. Foreign Insurer
D. Domestic Insurer - CORRECT ANSWERS Domestic Insurer
Which of the following is considered to be an insurer
A. Insurance Company
B. Insurance Agent
C. Insurance Policyowner
D. Beneficiary - CORRECT ANSWERS A. Insurance Company
All of the following are true about inactive agents in Mississippi except
A. An inactive agent may receive renewal commissions
B. An inactive agent may solicit new business
C. An agent who is retired or disabled is considered inactive
D. An agent who has not obtained a continuous Certificate of Authority is considered inactive - CORRECT
ANSWERS B. An inactive agent may solicit
new business
If a person violates a cease and desist order of the Commissioner while it is in effect, the penalty may be
loss of license and a fine of up to
,A. $500 for each violation
B. $1,000 for each violation
C. $2,500 for each violation
D. $5,000 for each violation - CORRECT ANSWERS B. $1,000 for each violation
The general penalty for violating any provision of the insurance code for which a different penalty is not
specifically provided is
A. A fine of up to $5,000
B. A fine of up to $2,500
C. A fine of up to $1,000
D. A fine of up to $500 - CORRECT ANSWERS A. A fine of up to $5,000
In Mississippi, minors attain a legal right to contract for life and health insurance on their own lives upon
reaching
A. 15 years of age
B. 16 years of age
C. 17 years of age
D. 18 years of age - CORRECT ANSWERS A. 15 years of age
All of the following are true about temporary producer licenses issued by the Commissioner except
A. Temporary licenses are issued for limited term
B. A temporary license may be issued to another person upon the death of a licensed agent
, C. A temporary license may be issued to another person if a license agent is disabled
D. Applicants for temporary licenses must take and pass a written exam - CORRECT ANSWERS
D. Applicants for temporary licenses must take and pass a written exam
Under the Fair Credit Reporting Act, a Consumer has all of the following rights Except
A. The right to conceal information from particular recipients
B. The right to have inaccurate information deleted from consumer reports
C. The right to know the sources of information in consumer reports
D. The right to request an investigation of incorrect information - CORRECT ANSWERS A. The
right to conceal information from particular recipients
The principle of indemnity states that
A. Insurable risks must be based on the law of large numbers
B. The insured is restored to the same condition as before the
loss
C. The insured must perform certain acts to receive benefits
D. Only the insurer makes an enforceable promise - CORRECT ANSWERS B. The insured is
restored to the same condition as before the
loss
A restricted capacity to contract would not necessarily characterize
A. Retired persons
B. Insane persons
C. Minors under a certain age
