MS PROPERTY & CASUALTY QUESTION AND ANSWERS LATEST

MS PROPERTY & CASUALTY QUESTION AND ANSWERS LATEST
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. Watch for the terminology on the exam.

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