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MS Property & Casualty Exam/94 Complete Questions with Answers
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MS Property & Casualty Exam/94Complete Questions with Answers
24 hrs & 3 of those hours ethics - -To renew a producer license which is
been in affect more than 18 months, a producer must complete ___________
-12 hrs - -To renew a producer license which is been in effect for 18 months
or less, a producer must complete________ of CE.
-30 days - -A producer must report to the commissioner any administrative
action taken against the producer in any jurisdiction, for by another
governmental agency in the state within___________ of the final disposition of
the matter.
-40 hrs - -How many hrs for Prelicensing education requirement hours
needed for life/health/accident and property and casualty agent in Mississippi
-30 days - -Licensees must inform the commissioner of any change of
address or name within _______ days of the change.
-30 days - -The insurer or authorized representative of the insurer that
terminates the appointment, employment, contracts, or other insurance
business relationship with the producer must notify the commissioner within
________ days following the eff date of termination. Ex. Non production
-180 days (exact) or 6 months - -The commissioner may issue a temporary
insurance producer license for a period not to exceed _________ days without
requiring an examination if deemed necessary
-90 days - -A person licensed as an insurance Producer in another state who
moved to Mississippi must make application within ________ days of
establishing legal residence to become a resident licensing
-1 year - -No licensee whose license has been revoked will be entitled to file
another application for a license as a producer within ______ year from the
effective date of such revocation
-10 days - -If the commissioner is requesting a hearing with an agent — the
notice will state the time and place for the hearing which means must be
held not less than _______ days after the date notice is served
-May 1st - -When does the commissioner submit an annual report to the
governor?
, -Complaints filed by insureds - -Annual report doesn't include...
-Medical benefits - -This is unlimited in Mississippi
-State level - -Insurance is regulated at the...
-State insurance commissioner & state fire marshal - -Mike Chaney is the...
-$5,000 - -Is the fine for violation of any provision of the insurance laws of
Mississippi for which a different penalty is not specifically provided (against
commissioner)
-$1,000 - -Is the fine for violating cease and desist order
-15 days - -The number of days from the date the agency contract is
executed or the first insurance application is submitted that you're
appointing insurer must file, in an approved format, a notice of appointment
-20 hours - -The number of hours for the prelicensing education
requirement for adjuster only, property only or casualty only.
-Inactive agents can not.. - -Solicit new business or service existing
businesses
-Inactive agents may... - -Receive renewal commissions
-Annually - -COA's are renewed...
-Prior approval - -Mississippi is a _______ state which means that rates must
be filed with the insurance commissioner before they may be used
-Every 2 years by the end of birth month - -When does an agent renew their
license?
-35% - -Control business - and licensee is not permitted to earn
commissions on all business written in a 12 month period in excess of ____ of
the aggregate commissions
-Make the law; enforces it - -The commissioner doesn't _____, he______.
-No - -If the legislature isn't in office can the commissioner make the law?
-5 day - -Total disability begins after a _______ waiting period.
-Retroactive benefits ; 14 days - -___________ ___________ are later paid for
the initial days of disability if the disability continues beyond ____ days
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