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MISSISSIPPI LIFE AND HEALTH STATE EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS
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MISSISSIPPI LIFE AND HEALTH STATE EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS
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MISSISSIPPI LIFE AND HEALTH STATE EXAM2024/2025 WITH 100% ACCURATE SOLUTIONS
,MISSISSIPPI LIFE AND HEALTH STATE EXAM
2024/2025 WITH 100% ACCURATE SOLUTIONS
A company that owns a life insurance policy on one of its key
employees may do all of the following Except - Precise Answer
✔✔Change the policy interest rate
Dividends paid from a life insurance policy are - Precise Answer
✔✔issued by the insurer
A long-Term Care policy sold in Mississippi Must be - Precise Answer
✔✔Guaranteed renewable
Who makes the legally enforceable promises in a unilateral insurance
policy? - Precise Answer ✔✔Insurance Company
T has Disability Income policy that pays a monthly benefit of $5000. If
T becomes partially disabled, what can he likely expect? - Precise
Answer ✔✔less than $5,000 per month benefit regardless of the cause
Long-term Care sold in MS may exclude coverage for pre-existing
conditions for - Precise Answer ✔✔6 months
T is a producer who forgot to renew her license. She may reapply for a
license without an examination - Precise Answer ✔✔Within one year
after no renewal
,Which of the following actions must be taken by an insurance company
that wishes to conduct business in Mississippi? - Precise Answer
✔✔Acquire a certificate of authority
Which of the following phrases refers to the fees charged by a healthcare
professional? - Precise Answer ✔✔Usual, customary, and reasonable
expenses
Who is normally considered to be the owner of a 403(b) tax-sheltered
annuity? - Precise Answer ✔✔the employee
Which of these needs is satisfied by Adjustable Life insurance? - Precise
Answer ✔✔insured's need for flexible premiums
Which of the following consists of an offer, acceptance, and
consideration? - Precise Answer ✔✔contract
K applies for a life insurance policy on herself and submits the initial
premium with the application. She is given a receipt by the agent stating
that coverage begins immediately if the application is approved. What
kind of receipt was used? - Precise Answer ✔✔Conditional
All of the following statements about traditional individual retirement
accounts are false EXCEPT - Precise Answer ✔✔10% penalty is
applied to withdrawals before age 59 1/2
, Replacement can be defined as - Precise Answer ✔✔exchanging an
existing policy for a new policy
Any criminal charges taken against a producer must be reported to the
Commissioner of Insurance by the producer within how many days of
the final disposition? - Precise Answer ✔✔30
What is issued to each employee of an employer health plan? - Precise
Answer ✔✔certificate
A return of premium life insurance policy is - Precise Answer
✔✔Whole life and Increasing term
Which of the following best describes a warranty - Precise Answer
✔✔Statement guaranteed to be true
Which of these circumstances is a Business Disability buy-sale policy
designed to help in the sale of business? - Precise Answer ✔✔Business
owner becoming disabled
J's major medical policy has a $2000 deductible and an 80/20
Coinsurance clause. if J is hospitalized and receives a bill for $10,000, J
would pay: - Precise Answer ✔✔$3,600. $2,000 + 20% of the remaining
bill = $3,600
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