MISSISSIPPI INSURANCE TEST QUESTIONS WITH CORRECT ANSWERS ALL VERIFIED BY AN EXPERT A+ GRADED (LATEST UPDATE)
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Course
Mississippi Insurance
Institution
Mississippi Insurance
The Commissioner of Insurance in Mississippi is elected to office for a term of - ANS 4 years
The burden of proof for determining that a producer is representing an authorized insurer falls on - ANS The producer
The fine the Commissioner may levy for violating any provision of the Ins...
K
C
LO
YC
MISSISSIPPI INSURANCE TEST
QUESTIONS WITH CORRECT
D
ANSWERS ALL VERIFIED BY
U
AN EXPERT A+ GRADED
ST
(LATEST UPDATE)
, The Commissioner of Insurance in Mississippi is elected to office for a term of - ANS 4 years
The burden of proof for determining that a producer is representing an authorized insurer falls
on - ANS The producer
The fine the Commissioner may levy for violating any provision of the Insurance Code is - ANS
$1000
A foreign insurer - ANS An insurer formed under the laws of any state other than Mississippi
would be known as
K
Each of the following is true about the Mississippi Residential Property Insurance Underwriting
Association EXCEPT - ANS Insurance company membership in the association is voluntary
C
At least how many days' advance notice must the Commissioner giver a person of an unfair
trade practice hearing - ANS 10 days
LO
Property and casualty insurance rates are regulated to prohibit rates from being all of the
following EXCEPT - ANS Competitive
An insurance company's license to business is called - ANS A certificate of authority
YC
The purpose of a Guaranty Association is to - ANS Cover claims of insolvent insurers
The Guaranty Association pays a workers' compensation claim up to - ANS The full amount
of covered claim
D
An insurance adjuster adjusts claims on behalf of - ANS The insurer
Which of the following is allowed to place insurance in eligible nonadmitted insurers? - ANS
U
Surplus lines producers
If a person has engaged in an unfair or deceptive practice, the commissioner may impose an
ST
administrative fine up to - ANS $5,000 per violation
Producers must notify the Commissioner of an administrative action taken against the producer
within how many days after final disposition of the matter? - ANS 30 days
The biennial continuing education requirement for producers is how many hours? - ANS 24
hours
Of the total continuing education requirement, how many hours must be in ethics? - ANS 3
hours
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