Health Mississippi Insurance Exam
(Latest ) Tested Questions
with Revised Answers, (A+ Guarantee)
In which of the following situations is it illegal for an insurer to disclose privileged information about an
insured? - CORRECT ANSWERS A researcher for marketing purposes
If an insurance company wishes to order a consumer report on an applicant to assist the underwriting
process, and if a notice of insurance information practices has been provided, the report man contain all
of the following information EXCPT the applicant's - CORRECT ANSWERS Ancestry
A producer is acting in what capacity when he or she is trying to obtain credible information about an
applicant for health insurance? - CORRECT ANSWERS Field underwriting
Which of the following entities can legally bind coverage? - CORRECT ANSWERS Insurer
An agent is ready to deliver a policy to an applicant but has not yet received payment. Upon delivery,
the agent collects the applicant's premium check, answers any questions the applicant may have, and
then leaves. What did he forget to do? - CORRECT ANSWERS Ask her to sign a statement of
good health
Which of the below statements is FALSE regarding the process of completing and signing an application?
- CORRECT ANSWERS Only the insured is required to sign the application.
What phase begins after a new policy is delivered? - CORRECT ANSWERS Free-look period
Because an insurance policy is a legal contract, it must conform to the state laws governing contracts
which require all of the following elements EXCEPT - CORRECT ANSWERS Conditions
, What is a material misrepresentation? - CORRECT ANSWERS A statement by the applicant
that, upon discovery, would affect the underwriting decision of the insurance company
Insurance policies, the insured is not legally bound to any particular action in the insurance contract, but
the insurer is legally obligated to pay losses covered by the policy. What contracted element does the
describe? - CORRECT ANSWERS Unilateral
The Federal Fair Credit Reporting Act - CORRECT ANSWERS Regulates consumer reports
An insurer neglects to pay a legitimate claim that is covered under the terms of the policy. Which of the
following insurance principles has the insurer violated? - CORRECT ANSWERS Consideration
Which of the following terms most precisely fits the definition of "the incidence or probability of
sicknesses or accidents within given group of people?" - CORRECT ANSWERS Morbidity
An insurance contract that both the insured and the insurer meet certain conditions in order for the
contract to be enforceable. What contract characteristic does this describe? - CORRECT ANSWERS
Conditional
Where would Long-term care services be rendered? - CORRECT ANSWERS A nursing home or
one's own home
An insurer is attempting to determine the insurability of an applicant and decides to obtain medical
information from several different sources. Which entity must be notified of the investigation? -
CORRECT ANSWERS The applicant
Before an agent delivers a policy, the insurer makes a last-minute change to the policy. The agent
informs the insured of this change, and he accepts it. In response, the agent must - CORRECT ANSWERS
Have the insured sign a statement acknowledging that he is aware of the change.
(Latest ) Tested Questions
with Revised Answers, (A+ Guarantee)
In which of the following situations is it illegal for an insurer to disclose privileged information about an
insured? - CORRECT ANSWERS A researcher for marketing purposes
If an insurance company wishes to order a consumer report on an applicant to assist the underwriting
process, and if a notice of insurance information practices has been provided, the report man contain all
of the following information EXCPT the applicant's - CORRECT ANSWERS Ancestry
A producer is acting in what capacity when he or she is trying to obtain credible information about an
applicant for health insurance? - CORRECT ANSWERS Field underwriting
Which of the following entities can legally bind coverage? - CORRECT ANSWERS Insurer
An agent is ready to deliver a policy to an applicant but has not yet received payment. Upon delivery,
the agent collects the applicant's premium check, answers any questions the applicant may have, and
then leaves. What did he forget to do? - CORRECT ANSWERS Ask her to sign a statement of
good health
Which of the below statements is FALSE regarding the process of completing and signing an application?
- CORRECT ANSWERS Only the insured is required to sign the application.
What phase begins after a new policy is delivered? - CORRECT ANSWERS Free-look period
Because an insurance policy is a legal contract, it must conform to the state laws governing contracts
which require all of the following elements EXCEPT - CORRECT ANSWERS Conditions
, What is a material misrepresentation? - CORRECT ANSWERS A statement by the applicant
that, upon discovery, would affect the underwriting decision of the insurance company
Insurance policies, the insured is not legally bound to any particular action in the insurance contract, but
the insurer is legally obligated to pay losses covered by the policy. What contracted element does the
describe? - CORRECT ANSWERS Unilateral
The Federal Fair Credit Reporting Act - CORRECT ANSWERS Regulates consumer reports
An insurer neglects to pay a legitimate claim that is covered under the terms of the policy. Which of the
following insurance principles has the insurer violated? - CORRECT ANSWERS Consideration
Which of the following terms most precisely fits the definition of "the incidence or probability of
sicknesses or accidents within given group of people?" - CORRECT ANSWERS Morbidity
An insurance contract that both the insured and the insurer meet certain conditions in order for the
contract to be enforceable. What contract characteristic does this describe? - CORRECT ANSWERS
Conditional
Where would Long-term care services be rendered? - CORRECT ANSWERS A nursing home or
one's own home
An insurer is attempting to determine the insurability of an applicant and decides to obtain medical
information from several different sources. Which entity must be notified of the investigation? -
CORRECT ANSWERS The applicant
Before an agent delivers a policy, the insurer makes a last-minute change to the policy. The agent
informs the insured of this change, and he accepts it. In response, the agent must - CORRECT ANSWERS
Have the insured sign a statement acknowledging that he is aware of the change.
