MS PROPERTY & CASUALTY EXAM QUESTIONS WITH ANSWERS PASSED

MS PROPERTY & CASUALTY EXAM QUESTIONS WITH ANSWERS PASSED
Question: The penalty for violating a cease and desist
order of the Commissioner might be a loss of license
and...?
Correct answer: A fine up to $1,000 for each violation
Question: An insurer formed under the laws of
Mississippi is known as...?
Correct answer: Domestic Insurer
Question: An insurance company owned by its
POLICYHOLDERS is known as a...?
Correct answer: Mutual Insurer
Question: Is the Commissioner of Insurance appointed or
elected?
Correct answer: The Commissioner is ELECTED never
appointed.

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