MISSISSIPPI INSURANCE LICENSING EXAM PACKAGE DEAL

when the insured selects the extended term nonforfeiture option the cash value will be used to purchase term insurance with what face amount? - ANS equal to the original policy for as long as the cash value will purchase The automatic premium loan provision is activated the end of the ---- - ...

Which of these do NOT constitute policy delivery? - ANS 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? - ANS Variable Life J, an Accidental Death and Dismemberme...

In an individual retirement account(IRA), rollover contributions are - ANS not limited by a dollar amount Upon delivery of a rated life insurance policy, the Producer must obtain each of the following EXCEPT? - ANS signed HIPAA disclosure Which of these require an offer, acceptance, an...

In which of the following situations is it illegal for an insurer to disclose privileged information about an insured? - ANS 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 ins...

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

Homeowners Policy - ANS Multi Line Policy that protects property owners from property and liability risks HO-2 - ANS (broad form): covers the dwelling, other structures, and personal property on a named perils basis HO-3 - ANS or special form, provides open peril coverage for loss to ...

Absolute assignment - ANS Policy assignment under which the assignee (person to whom the policy is assigned) receives full control over the policy and also full rights to its benefits. Generally, when a policy is assigned to secure a debt, the owner retains all rights in the policy in excess o...