Mississippi Insurance Test Exam Questions (195 Terms) With Verified Definitions Updated 2024

Workers' compensation total disability benefits are retroactive to the start of disability if the disability continues for {Ans: 2 weeks}The term occupying means all of the following EXCEPT {Ans: Owning a vehicle}Jill slams on breaks, slides into stop sign. There are $1,050 in damages to her car. Her policy has $500 collision and $50 other-than-collision deductible. How much will she get for repairs {Ans: $550}A diamond ring that is shoplifted from a store display is considered the subject of {Ans: Theft}If a driver loses control of his auto and damages the fence of a neighbor, the damages will be paid for by the driver's {Ans: Property damage coverage}An all risk or open peril policy protects {Ans: Against any perils except those that are specifically excluded}Coverage under flood policies take effect only after a 30 day waiting period except {Ans: When flood insurance initially purchased in connection with a loan AND when a community first enters the flood program}All of the following are eligible for dwelling property forms except {Ans: Farm dwellings}Replacement cost less depreciation defines {Ans: Actual cash value}The DP-3 provides {Ans: Open peril coverage for the dwelling and broad