Mississippi Life and Health Insurance Accurate 100%Mississippi Life and Health Insurance Accurate 100%EXAM BUNDLE!!!

Which of these do NOT constitute policy delivery? - ANSWER Policy issued with a rating Which of these types of life insurance allows the policyowner to have level premiums and to also choose from a selection of investment options? - ANSWER Variable Life J, an Accidental Death and Dismemberment...

Accident - ANSWER An unplanned, unforeseen event which occurs suddenly and at an unspecified place. Accident Insurance - ANSWER A type of insurance that protects the insured against loss due to accidental bodily injury Accidental Death and Dismemberment - ANSWER An insurance policy which pays ...

A business overhead expense policy : - ANSWER covers business expenses such as rent and utilities A provision in a life insurance policy that pays the policy owner an amount that does not surpass the guaranteed cash value is called the : - ANSWER Policy loan provision After and insured gives n...

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 ...

What type of policy would offer a 40-year old the quickest accumulation of cash value? Paid-up at 65 20-pay life 30-pay life Straight whole life - ANSWER 20-pay life Which of these statements accurately describes the Waiver of Premium provision in an Accident and Health policy? Past...

Which of the following is an insurance company that is organized under the laws of a different state within the United States? - ANSWER Foreign protects the consumer's right to the privacy of credit and financial information, ensuring that all collected data is confidential, accurate, relevant a...

1. private insurers 2. government insurers - ANSWER 2 types of entities providing insurance today 1. stock insurance companies 2. mutual insurance companies - ANSWER the 2 largest types of commercial insurance companies Stock insurance companies - ANSWER owned by stockholders, these compan...

MS Health and Life Insurance Exam Chapter 14 Accurate 100%

The Commissioner of Insurance in Mississippi is elected to office for a term of - ANSWER 4 years The burden of proof for determining that a producer is representing an authorized insurer falls on - ANSWER The producer The fine the Commissioner may levy for violating any provision of the Insura...

Adverse selection - ANSWER insuring of risks that are more to losses than the average risk Agent/Producer - ANSWER legal representative of an insurance company; the classification of producer usually includes agents and brokers; agents are the agents of the insurer Applicant or proposed insure...

Can insurers advertise the existence of the guaranty association during solicitation and sale of insurance policies? - ANSWER No, advertising of the existence of the guaranty association for the purposes of solicitation and sale of insurance policies by insurers is an illegal business practice. W...

chance or uncertainty of loss - ANSWER risk another term that means almost the same thing as risk is ______________ - ANSWER exposure people have developed several different methods for managing risks for serious financial losses. One method is simply to _________________. For example you can ...

To renew a producers' license, the producer must - ANSWER Satisfy the state's continuing education requirement The Commissioner of Insurance in Mississippi is appointed for a term of - ANSWER Four years An incorporated insurer owned by its policyholders is known as a - ANSWER Mutual Insurer ...

Adverse Selection - ANSWER insuring of risks that are more prone to losses than the average risk Agent/Producer - ANSWER a legal Representative of an insurance company; the classification of producer usually includes agents and brokers; agents are the agents of the insurer Applicant or propose...