US Insurance Mississippi Advanced Test 2

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Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

Prepared with up-to-date content

Insurance — Advanced (Mississippi) Professional (Insurance, USA) USA — Mississippi State Insurance License — USA

What is this test? for Insurance (Property/Casualty, Life/Health) license, USA — Professional (Insurance, USA) level, USA — Mississippi.
For adults preparing for Insurance license in the USA
Section: Insurance — Advanced (Mississippi) · Education: Professional (Adult) · Part: Insurance — Advanced (Mississippi) · Country: USA · Region: USA — Mississippi

A regular habit of taking practice tests makes learned information stick and is one of the most important factors directly affecting exam success.

This test will help you gauge your knowledge in your field and manage your exam prep more efficiently.

By solving this test of 20 questions, you can both test your knowledge and identify the topics you need to improve.

Question 1

What is a copay?

A) fixed visit fee

B) premium

C) payout

D) deductible

Question 2

What is liability coverage?

A) your car repairs

B) pays others' damage you cause

C) medical for you

D) theft of yours

Question 3

What is a premium?

A) regular insurance payment

B) copay

C) claim payout

D) deductible

Question 4

What is a deductible?

A) monthly bill

B) copay

C) amount paid before coverage

D) payout

Question 5

What is collision coverage?

A) theft

B) your car crash repairs

C) flood

D) liability

Question 6

What is comprehensive coverage?

A) collision

B) health

C) liability

D) non-crash damage (theft, hail)

Question 7

What is term life insurance?

A) lifetime

B) coverage for a set period

C) investment

D) no expiry

Question 8

What is whole life insurance?

A) term only

B) no payout

C) lifetime plus cash value

D) yearly

Question 9

What is a beneficiary?

A) agent

B) person receiving payout

C) lender

D) adjuster

Question 10

What is underwriting?

A) claim filing

B) risk assessment for policies

C) selling

D) canceling

Question 11

What is an exclusion?

A) covered item

B) deductible

C) premium

D) what policy does NOT cover

Question 12

What is a rider?

A) cancel

B) added coverage option

C) basic policy

D) claim

Question 13

What is coinsurance?

A) full coverage

B) shared percent after deductible

C) copay

D) premium

Question 14

What is an out-of-pocket max?

A) premium

B) deductible

C) unlimited

D) yearly payment ceiling

Question 15

What is HMO?

A) no referrals

B) network HMO care plan

C) any doctor

D) PPO

Question 16

What is PPO?

A) flexible network plan

B) free care

C) HMO only

D) no coverage

Question 17

What is flood insurance?

A) no need

B) auto covers

C) separate NFIP policy

D) homeowners covers

Question 18

What is an adjuster?

A) sells policies

B) cancels

C) collects premiums

D) assesses claim payouts

Question 19

What is subrogation?

A) insurer recovering from at-fault party

B) doubling payout

C) refunding

D) canceling

Question 20

What is actual cash value?

A) agreed value

B) new price

C) replacement minus depreciation

D) purchase price

US Insurance Mississippi Advanced Test 2

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