Mississippi Life and Health Final Exam| 150 Questions| Correct Answers| Verified
Question : What kind of life insurance product covers
children under their parent's policy?
Family Maintenance rider Term rider Family Income rider Payor benefit
Correct answer: Term Rider
Question : Under a trustee group life policy, who would be
eligible for a certificate of coverage?
Corporation Employee Employer Labor union
Correct answer: employee
Question : A producer must report to the Commissioner of
Insurance any administrative action or criminal charges taken against the producer within __ days of the final disposition of the matter.
10 15 20 30
Correct answer: 30
Question : The return of all or part of the commission to the
insured by an insurance producer as an inducement to purchase the insurance is known as
twisting redlining rebating misrepresentation
Correct answer: rebating
Question : Insurance producer licenses normally must be
renewed every
six months one year two years three years
Correct answer: two years
Question : Which of the following phrases refers to the fees
charged by a healthcare professional?
Deductible Coinsurance Usual, customary, and reasonable expenses Hospital expense
Correct answer: Usual, customary, and reasonable expenses
Question : The situation in which a group of physicians are
salaried employees and conduct business in an HMO facility is called a(n)
closed panel open panel co-op panel capitation panel
Correct answer: closed panel
Question : An accident policy will most likely pay a benefit
for a(n)
self-inflicted injury critical illness on-the-job accident off-the-job accident