Mississippi life and health practice exam

1. A Mississippi licensee who changes address must inform the Commissioner within:

1. 10 days of the change
2. 30 days of the change
3. 60 days of the change
4. At the next license renewal

2. A Mississippi producer whose license lapsed for failure to pay the renewal fee may reinstate the same license without passing an exam within:

1. 12 months from the due date of the renewal fee
2. 30 days from the due date
3. 90 days from the due date
4. 24 months from the due date

3. A Mississippi insurer must file notice of a producer's appointment within how many days after the agency contract is executed or the first application is submitted?

1. 5 days
2. 30 days
3. 15 days
4. 60 days

4. A producer first licensed in Mississippi on or after January 1, 2022 must complete what annuity training before selling annuities?

1. A one-time one-hour course
2. A four-hour course every year
3. An eight-hour course every two years
4. A one-time four-hour course that includes the best interest standard

1. In a Mississippi life or annuity replacement, the replacing insurer must notify the existing insurer within:

1. Five business days of receiving a completed application indicating replacement
2. 24 hours of the sale
3. 30 days of policy delivery
4. Ten days of policy issuance

2. In Mississippi, a policyowner who buys a replacement life policy or annuity may return it for a refund within:

1. 10 days of delivery
2. 20 days of delivery
3. 30 days of delivery
4. 60 days of delivery

3. A Mississippi replacing insurer must keep replacement notification records for at least:

1. Two years
2. Five years or until the next regular examination
3. Three years
4. Ten years

1. The Mississippi Medicare supplement open enrollment period lasts:

1. 3 months
2. 6 months
3. 12 months
4. For life after enrolling in Part B

2. A Mississippi Medicare supplement policy may not exclude benefits for a preexisting condition on losses incurred more than how long after the effective date?

1. 30 days
2. 3 months
3. 12 months
4. 6 months

3. Under Mississippi Medicare supplement rules, continuous creditable coverage means no break in coverage longer than:

1. 31 days
2. 90 days
3. 63 days
4. 6 months

4. A Mississippi Medicare supplement policy must allow benefits and premiums to be suspended while the insured is entitled to Medicaid for a period not to exceed:

1. 24 months
2. 6 months
3. 12 months
4. 36 months

1. The Mississippi Life and Health Insurance Guaranty Association protects life insurance death benefits up to:

1. $100,000
2. $250,000
3. $500,000
4. $300,000

2. The Mississippi Life and Health Insurance Guaranty Association protects net cash surrender values of life insurance up to:

1. $100,000
2. $300,000
3. $50,000
4. $500,000

3. The Mississippi Life and Health Insurance Guaranty Association protects basic hospital, medical and surgical or major medical benefits up to:

1. $100,000
2. $300,000
3. $500,000
4. $1,000,000

4. Before delivering a life, health, or annuity policy in Mississippi, an insurer must give the owner:

1. A copy of the insurer's financial statement
2. The guaranty association summary document
3. A Medicare supplement buyer's guide
4. Nothing beyond the policy itself