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Life and Health Insurance Producer Exam

Policy provisions (MS): practice questions

Our Life & Health Insurance bank has 6 questions on this topic. Here are 4 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Mississippi

What grace periods does Mississippi's required accident and health grace period provision set?

  1. None; grace periods are optional in health policies
  2. 15 days for weekly, 30 days for monthly and 60 days for all other premium modes
  3. 7 days weekly, 10 days monthly, 31 days for other premium modes
  4. 31 days for every premium mode
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C. 7 days weekly, 10 days monthly, 31 days for other premium modes — Miss. Code Ann. 83-9-5(1)(c).

Question 2 · Mississippi

After an accident and health policy is reinstated, which sickness is covered?

  1. No sickness until the next policy anniversary
  2. Any sickness at all, including one that began while the policy was lapsed
  3. Sickness that begins more than 10 days after reinstatement
  4. Sickness that begins at least 90 days after reinstatement
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C. Sickness that begins more than 10 days after reinstatement — Miss. Code Ann. 83-9-5(1)(d).

Question 3 · Mississippi

Under the accident and health reinstatement provision, if the insurer issues a conditional receipt and says nothing, when is the policy reinstated?

  1. On the 10th day after the overdue premium is paid to the agent
  2. On the 45th day after the conditional receipt
  3. Only when the insurer approves the application in writing
  4. On the next policy anniversary following the lapse
Show the answer

B. On the 45th day after the conditional receipt — Miss. Code Ann. 83-9-5(1)(d).

Question 4 · Mississippi

What free-look period must an individual life insurance policy delivered in Mississippi give the purchaser?

  1. 20 days from the application date
  2. No free look is required for life insurance
  3. 10 days from delivery, with a premium refund
  4. 30 days from delivery, less an administrative fee
Show the answer

C. 10 days from delivery, with a premium refund — Miss. Code Ann. 83-7-51.

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