Mississippi Life Insurance — Requirements & Free Practice
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Licenses, application pathways and examination requirements
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Insurance Producer
Individual insurance producer with the Life line of authority, including an applicant seeking Life together with Accident and Health.
Licensing authority: Mississippi Insurance Department · Application information
Resident amendment to add Life authority
At least one of the following alternatives:
- Mississippi Life Producer Examination
- Life, Accident & Health or Sickness Producer (practice unavailable)
- Annuity training
- Before selling annuities, have adequate product knowledge, comply with insurer product training, and complete the MID-approved one-time four-credit training course. Training is an applicant condition.
- Application
- Submit a complete and truthful uniform application, required disclosures and supporting documents, and the $100 individual license fee. MID must find no ground for denial, suspension or revocation.
- Appointment
- Before acting as an insurer agent, obtain the required insurer appointment.
- Existing license
- Hold a Mississippi producer license and submit a line-of-authority amendment with the $25 fee.
- Life education
- Life-only applicants are exempt from the 20-hour prelicensing requirement under 83-17-251(2)(h), effective July 1, 2024. Seeking Accident and Health as well requires its applicable education; education exemptions remain applicant conditions.
- Minimum age
- At least 18 years of age.
Initial licensure for an exclusively fraternal society agent
No examination is required for this applicant pathway.
- Application
- Complete applicable producer application, eligibility and fee requirements.
- Exclusive scope
- Applicant acts as an agent of a fraternal benefit society exclusively; the exemption does not cover ordinary nonfraternal business.
Official no-examination sources
Effective from 2026-09-22.
- Mississippi SB 2076 enrolled, Section 83-17-39
83-17-39(1)(e), page 2 lines 32-33
- Mississippi HB 658 enrolled text
Section 6(1), codified 83-17-61(1)
Renewal or restoration with military or medical hardship
At least one of the following alternatives:
- Mississippi Life Producer Examination
- Life, Accident & Health or Sickness Producer (practice unavailable)
- Continuing education
- For a license term of 18 months or less, complete 12 approved CE hours; for more than 18 months, complete 24 approved CE hours including three ethics hours. Statutory limited-line, nonresident, non-active and other CE exemptions are applicant conditions.
- Examination discretion
- 83-17-39(1)(a) ordinarily exempts renewals, but permits the Commissioner to require the producer examination to establish competency. The examination stays in the requirement tree because it can be required.
- Hardship
- Military service or other extenuating circumstances, including long-term medical disability, permit a request for waiver of renewal procedures, examination requirement, fines or sanctions. A request is not an automatic waiver.
- Renewal
- Renew biennially by the last day of the birth month, pay the renewal fee, and meet applicable continuing education. Non-active status must be requested on each renewal and maintained with the fee.
Nonresident licensure by reciprocity
No examination is required for this applicant pathway.
- Application
- Submit the proper request, uniform or home-state application and fee. MID verifies the home-state license on the NAIC producer database.
- Home license
- Current resident license in good standing for the same or similar Life authority; home state must grant reciprocal nonresident licenses. The other jurisdiction license is an applicant condition.
Official no-examination sources
Effective from 2026-09-22.
- Mississippi HB 658 enrolled text
Section 8(1), codified 83-17-65(1)
- Pearson VUE Mississippi Insurance Candidate Handbook
Page 5, nonresident examination exemption
Nonresident renewal
No examination is required for this applicant pathway.
- Home license
- Maintain home-state licensure and reciprocal eligibility; MID verifies it on the NAIC producer database.
- Renewal
- Submit renewal and fee before expiration; CE reciprocity applies.
Official no-examination sources
Effective from 2026-09-22.
- Mississippi HB 658 enrolled text
Section 9(1), codified 83-17-67(1)
- Mississippi HB 658 enrolled text
Section 8(1), codified 83-17-65(1)
- MID Licensing Updates Frequently Asked Questions
Producer renewal resident and nonresident procedure
Examination exemption for previously licensed applicant
No examination is required for this applicant pathway.
- Application
- Submit the applicable Mississippi application and fees; prior licensure is an applicant condition.
- Prior license
- Previously licensed for the same authority; currently licensed there or application received within 90 days of cancellation. Certification or NAIC database must establish good standing at cancellation.
Official no-examination sources
Effective from 2026-09-22.
- Mississippi HB 658 enrolled text
Section 9(1), codified 83-17-67(1)
- MID Insurance Producer License Instructions
Instruction 8, transfer clearance and deadline
Reactivation of current non active license
No examination is required for this applicant pathway.
- Current status
- Maintain the license through renewal payments while non-active; do not sell, negotiate or solicit while non-active.
- Reactivation
- Residents complete required CE and notify MID in writing or by scanned email to change status to active.
Official no-examination sources
Effective from 2026-09-22.
- MID Licensing Updates Frequently Asked Questions
Non-active status and reactivation
Reinstatement within twelve months
No examination is required for this applicant pathway.
- Application
- Submit reinstatement application, renewal fee and 50% late fee; complete required CE before reinstatement. The license lapses and a new insurer appointment is required.
- Home license
- Nonresidents must retain home-state licensure, which MID verifies.
- Time limit
- Reinstate the same license within 12 months of renewal fee due date without retaking an examination.
Official no-examination sources
Effective from 2026-09-22.
- Mississippi SB 2109 enrolled, Section 83-17-63
Section 1, 83-17-63(3)
- MID Insurance Producer License Instructions
Instruction 3, examination-free reinstatement
- MID Producer/Individual Licensing
Reinstatement notes
Resident initial licensure by examination
At least one of the following alternatives:
- Mississippi Life Producer Examination
- Life, Accident & Health or Sickness Producer (practice unavailable)
- Annuity training
- Before selling annuities, have adequate product knowledge, comply with insurer product training, and complete the MID-approved one-time four-credit training course. Training is an applicant condition.
- Application
- Submit a complete and truthful uniform application, required disclosures and supporting documents, and the $100 individual license fee. MID must find no ground for denial, suspension or revocation.
- Appointment
- Before acting as an insurer agent, obtain the required insurer appointment.
- Life education
- Life-only applicants are exempt from the 20-hour prelicensing requirement under 83-17-251(2)(h), effective July 1, 2024. Seeking Accident and Health as well requires its applicable education; education exemptions remain applicant conditions.
- Minimum age
- At least 18 years of age.
Resident renewal
At least one of the following alternatives:
- Mississippi Life Producer Examination
- Life, Accident & Health or Sickness Producer (practice unavailable)
- Continuing education
- For a license term of 18 months or less, complete 12 approved CE hours; for more than 18 months, complete 24 approved CE hours including three ethics hours. Statutory limited-line, nonresident, non-active and other CE exemptions are applicant conditions.
- Examination discretion
- 83-17-39(1)(a) ordinarily exempts renewals, but permits the Commissioner to require the producer examination to establish competency. The examination stays in the requirement tree because it can be required.
- Renewal
- Renew biennially by the last day of the birth month, pay the renewal fee, and meet applicable continuing education. Non-active status must be requested on each renewal and maintained with the fee.
Transfer to Mississippi resident licensure
No examination is required for this applicant pathway.
- Clearance
- Submit clearance from previous resident state unless verified on the producer database; MID instructions require application within 90 days of clearing the prior resident license.
- Regulatory exception
- 83-17-67(2) permits the Commissioner to determine otherwise by regulation; no identifiable additional examination is named in this exemption provision.
- Relocation
- Hold producer licensure elsewhere and apply within 90 days of establishing Mississippi residence for authority previously held.
Official no-examination sources
Effective from 2026-09-22.
- Mississippi HB 658 enrolled text
Section 9(2), codified 83-17-67(2)
- MID Insurance Producer License Instructions
Instruction 8, resident transfer
Resident return after more than twelve months expired
At least one of the following alternatives:
- Mississippi Life Producer Examination
- Life, Accident & Health or Sickness Producer (practice unavailable)
- Annuity training
- Before selling annuities, have adequate product knowledge, comply with insurer product training, and complete the MID-approved one-time four-credit training course. Training is an applicant condition.
- Application
- Submit a complete and truthful uniform application, required disclosures and supporting documents, and the $100 individual license fee. MID must find no ground for denial, suspension or revocation.
- Appointment
- Before acting as an insurer agent, obtain the required insurer appointment.
- Lapse
- After more than one year expired, apply under the initial license requirements. The current Life-only education exemption supersedes the FAQ blanket demand for a new prelicensing course.
- Life education
- Life-only applicants are exempt from the 20-hour prelicensing requirement under 83-17-251(2)(h), effective July 1, 2024. Seeking Accident and Health as well requires its applicable education; education exemptions remain applicant conditions.
- Lower ranked instruction
- MID FAQ states: "This includes completing a new pre-licensing course and passing a written exam in order to reinstate the license." For Life-only applicants, 2024 HB 819 exempts the education course.
- Minimum age
- At least 18 years of age.
Reapplication after revocation
At least one of the following alternatives:
- Mississippi Life Producer Examination
- Life, Accident & Health or Sickness Producer (practice unavailable)
- Annuity training
- Before selling annuities, have adequate product knowledge, comply with insurer product training, and complete the MID-approved one-time four-credit training course. Training is an applicant condition.
- Application
- Submit a complete and truthful uniform application, required disclosures and supporting documents, and the $100 individual license fee. MID must find no ground for denial, suspension or revocation.
- Appointment
- Before acting as an insurer agent, obtain the required insurer appointment.
- Life education
- Life-only applicants are exempt from the 20-hour prelicensing requirement under 83-17-251(2)(h), effective July 1, 2024. Seeking Accident and Health as well requires its applicable education; education exemptions remain applicant conditions.
- Minimum age
- At least 18 years of age.
- Waiting period
- Wait one year from effective revocation, or from final judicial affirmance if review is sought. A supported denial, suspension or revocation ground remains a barrier.
Application after suspension
At least one of the following alternatives:
- Mississippi Life Producer Examination
- Life, Accident & Health or Sickness Producer (practice unavailable)
- Annuity training
- Before selling annuities, have adequate product knowledge, comply with insurer product training, and complete the MID-approved one-time four-credit training course. Training is an applicant condition.
- Application
- Submit a complete and truthful uniform application, required disclosures and supporting documents, and the $100 individual license fee. MID must find no ground for denial, suspension or revocation.
- Appointment
- Before acting as an insurer agent, obtain the required insurer appointment.
- Life education
- Life-only applicants are exempt from the 20-hour prelicensing requirement under 83-17-251(2)(h), effective July 1, 2024. Seeking Accident and Health as well requires its applicable education; education exemptions remain applicant conditions.
- Minimum age
- At least 18 years of age.
- Suspension
- Follow the governing suspension order. If suspended less than one year before application, 83-17-39(1)(d) permits an examination exemption in the Commissioner's discretion.
Amend existing Life license to add Variable Life and Variable Annuity
No examination is required for this applicant pathway.
- Application
- Submit a license amendment and $25 fee.
- Existing license
- Hold an existing Insurance Producer license with Life authority.
- Nonresident verification
- MID verifies nonresident home-state authority on the producer database.
- Securities qualification
- Residents submit NASD registration or Series 6 or Series 7 results; MID verifies FINRA registration. These securities examinations are another profession's examinations and are applicant conditions.
Official no-examination sources
Effective from 2026-09-22.
- MID Licensing Updates Frequently Asked Questions
Adding Variable Contracts to existing Life authority
- MID Insurance Producer License Instructions
Instruction 5, Variable line FINRA qualification
Life, Accident & Health or Sickness Producer
- Provider
- Pearson VUE
- Format
- Multiple choice; test center or OnVUE
- Exam questions
- 115 scored plus 10 pretest questions
- Time limit
- 150 minutes
- Passing score
- 65%
- Exam fee
- $50
Examination outline
I. TYPES OF LIFE POLICIES
- A. Traditional whole life products
- A. Traditional whole life products / 1. Ordinary whole life
- A. Traditional whole life products / 2. Limited-pay and single-premium life
- B. Interest/market-sensitive/adjustable life products
- B. Interest/market-sensitive/adjustable life products / 1. Universal life
- B. Interest/market-sensitive/adjustable life products / 2. Variable whole life
- B. Interest/market-sensitive/adjustable life products / 3. Variable universal life
- B. Interest/market-sensitive/adjustable life products / 4. Interest-sensitive whole life
- B. Interest/market-sensitive/adjustable life products / 5. Indexed life
- C. Term life
- C. Term life / 1. Types
- C. Term life / 1. Types / a. Level
- C. Term life / 1. Types / b. Decreasing
- C. Term life / 1. Types / c. Return of premium
- C. Term life / 1. Types / d. Annually renewable
- C. Term life / 2. Special features
- C. Term life / 2. Special features / a. Renewable
- C. Term life / 2. Special features / b. Convertible
- D. Annuities
- D. Annuities / 1. Single and flexible premium
- D. Annuities / 2. Immediate and deferred
- D. Annuities / 3. Fixed and variable
- D. Annuities / 4. Indexed
- D. Annuities / 5. Accumulation and Annuity Periods
- D. Annuities / 6. Payout options
- E. Combination plans and variations
- E. Combination plans and variations / 1. Joint life (first to die)
- E. Combination plans and variations / 2. Survivorship life (second to die)
II. LIFE POLICY RIDERS, PROVISIONS, OPTIONS, AND EXCLUSIONS
- A. Policy riders
- A. Policy riders / 1. Waiver of premium and waiver of monthly deduction
- A. Policy riders / 2. Guaranteed insurability
- A. Policy riders / 3. Payor benefit
- A. Policy riders / 4. Accidental death and/or accidental death and dismemberment
- A. Policy riders / 5. Term riders
- A. Policy riders / 6. Other insureds
- A. Policy riders / 7. Long term care
- A. Policy riders / 8. Return of premium
- A. Policy riders / 9. Disability
- A. Policy riders / 10. Cost of Living
- B. Policy provisions and options
- B. Policy provisions and options / 1. Entire contract
- B. Policy provisions and options / 2. Insuring clause
- B. Policy provisions and options / 3. Free look
- B. Policy provisions and options / 4. Consideration
- B. Policy provisions and options / 5. Owner’s rights
- B. Policy provisions and options / 6. Beneficiary designations
- B. Policy provisions and options / 6. Beneficiary designations / a. Primary and contingent
- B. Policy provisions and options / 6. Beneficiary designations / b. Revocable and irrevocable
- B. Policy provisions and options / 6. Beneficiary designations / c. Common disaster
- B. Policy provisions and options / 6. Beneficiary designations / d. Minor beneficiaries
- B. Policy provisions and options / 6. Beneficiary designations / e. Designation by class
- B. Policy provisions and options / 7. Premium Payment
- B. Policy provisions and options / 7. Premium Payment / a. Modes
- B. Policy provisions and options / 7. Premium Payment / b. Grace period
- B. Policy provisions and options / 7. Premium Payment / c. Automatic premium loan
- B. Policy provisions and options / 7. Premium Payment / d. Level or flexible
- B. Policy provisions and options / 8. Reinstatement
- B. Policy provisions and options / 9. Policy loans, withdrawals, partial surrenders
- B. Policy provisions and options / 10. Non-forfeiture options
- B. Policy provisions and options / 11. Dividends and dividend options (e.g. participating, non- participating)
- B. Policy provisions and options / 12. Incontestability
- B. Policy provisions and options / 13. Assignments
- B. Policy provisions and options / 14. Suicide
- B. Policy provisions and options / 15. Misstatement of age and gender
- B. Policy provisions and options / 16. Settlement options
- B. Policy provisions and options / 17. Accelerated death benefits
- C. Policy exclusions
- C. Policy exclusions / 1. War
- C. Policy exclusions / 2. Aviation
- C. Policy exclusions / 3. Dangerous Occupation
III. COMPLETING THE APPLICATION, UNDERWRITING, AND DELIVERING LIFE POLICES
- A. Completing the application
- A. Completing the application / 1. Required signatures
- A. Completing the application / 2. Changes in the application
- A. Completing the application / 3. Consequences of incomplete applications
- A. Completing the application / 4. Warranties and representations
- A. Completing the application / 5. Collecting the initial premium and issuing the receipt
- A. Completing the application / 6. Replacement
- A. Completing the application / 7. Disclosures at point of sale (e.g., HIPAA, HIV consent)
- A. Completing the application / 8. USA PATRIOT Act/anti-money laundering
- A. Completing the application / 9. Gramm-Leach-Bliley Act (GLBA) Privacy
- B. Underwriting
- B. Underwriting / 1. Insurable interest
- B. Underwriting / 2. Medical information and consumer reports
- B. Underwriting / 3. Fair Credit Reporting Act
- B. Underwriting / 4. Risk classification
- B. Underwriting / 5. Stranger/Investor-owned life insurance (STOLI/IOLI)
- C. Delivering the policy
- C. Delivering the policy / 1. When coverage begins
- C. Delivering the policy / 2. Explaining the policy and its provisions, riders, exclusions, and ratings to the client
- D. Contract law
- D. Contract law / 1. Elements of a legal contract
- D. Contract law / 1. Elements of a legal contract / a. Consideration
- D. Contract law / 1. Elements of a legal contract / b. Offer and Acceptance
- D. Contract law / 1. Elements of a legal contract / c. Competent parties
- D. Contract law / 1. Elements of a legal contract / d. Legal purpose
- D. Contract law / 2. Unique aspects of the insurance contract
- D. Contract law / 2. Unique aspects of the insurance contract / a. Conditional
- D. Contract law / 2. Unique aspects of the insurance contract / b. Unilateral
- D. Contract law / 2. Unique aspects of the insurance contract / c. Adhesion
- D. Contract law / 2. Unique aspects of the insurance contract / d. Aleatory
IV. RETIREMENT AND OTHER LIFE INSURANCE CONCEPTS
- A. Third-party ownership
- B. Life Settlements
- C. Group life insurance
- C. Group life insurance / 1. Conversion privilege
- C. Group life insurance / 2. Contributory vs. noncontributory
- D. Retirement plans
- D. Retirement plans / 1. Qualified plans
- D. Retirement plans / 2. Nonqualified plans
- E. Life insurance needs analysis/suitability
- E. Life insurance needs analysis/suitability / 1. Personal insurance needs
- E. Life insurance needs analysis/suitability / 2. Business insurance needs
- E. Life insurance needs analysis/suitability / 2. Business insurance needs / a. Key person
- E. Life insurance needs analysis/suitability / 2. Business insurance needs / b. Buy sell
- F. Social Security benefits
- G. Tax treatment of insurance premiums, proceeds, and dividends
- G. Tax treatment of insurance premiums, proceeds, and dividends / 1. Individual life
- G. Tax treatment of insurance premiums, proceeds, and dividends / 2. Group life
- G. Tax treatment of insurance premiums, proceeds, and dividends / 3. Modified Endowment Contracts (MECs)
V. TYPES OF ACCIDENT AND HEALTH POLICIES
- A. Disability income
- A. Disability income / 1. Individual disability income policy
- A. Disability income / 2. Business overhead expense policy
- A. Disability income / 3. Business disability buyout policy
- A. Disability income / 4. Group disability income policy
- A. Disability income / 5. Key employee policy
- B. Accidental death and dismemberment
- C. Medical expense insurance
- C. Medical expense insurance / 1. Basic hospital, medical, and surgical policies
- C. Medical expense insurance / 2. Major medical policies
- C. Medical expense insurance / 3. Health Maintenance Organizations (HMOs)
- C. Medical expense insurance / 4. Preferred Provider Organizations (PPOs)
- C. Medical expense insurance / 5. Point of Service (POS) plans
- C. Medical expense insurance / 6. Flexible Spending Accounts (FSAs)
- C. Medical expense insurance / 7. High Deductible Health Plans (HDHPs) and related Health Savings Accounts (HSAs)
- C. Medical expense insurance / 8. Health Reimbursement Accounts (HRAs)
- D. Medicare supplement policies
- E. Group insurance
- E. Group insurance / 1. Differences between individual and group contracts
- E. Group insurance / 2. General characteristics
- E. Group insurance / 3. COBRA
- F. Individual/Group Long Term Care (LTC)
- F. Individual/Group Long Term Care (LTC) / 1. Eligibility
- F. Individual/Group Long Term Care (LTC) / 2. Levels of care
- G. Other policies
- G. Other policies / 1. Dental
- G. Other policies / 2. Vision
- G. Other policies / 3. Cancer
- G. Other policies / 4. Critical illness or specified disease
- G. Other policies / 5. Worksite (employer-sponsored)
- G. Other policies / 6. Hospital indemnity
- G. Other policies / 7. Short-term medical
- G. Other policies / 8. Accident
VI. HEALTH PROVISIONS, CLAUSES & RIDERS
- A. Mandatory and optional provisions
- A. Mandatory and optional provisions / 1. Entire contract
- A. Mandatory and optional provisions / 2. Time limit on certain defenses (incontestable)
- A. Mandatory and optional provisions / 3. Grace period
- A. Mandatory and optional provisions / 4. Reinstatement
- A. Mandatory and optional provisions / 5. Notice of claim
- A. Mandatory and optional provisions / 6. Claim forms
- A. Mandatory and optional provisions / 7. Proof of loss
- A. Mandatory and optional provisions / 8. Time of payment of claims
- A. Mandatory and optional provisions / 9. Payment of claims
- A. Mandatory and optional provisions / 10. Physical examination and autopsy
- A. Mandatory and optional provisions / 11. Legal actions
- A. Mandatory and optional provisions / 12. Change of beneficiary
- A. Mandatory and optional provisions / 13. Misstatement of age or gender
- A. Mandatory and optional provisions / 14. Change of occupation
- A. Mandatory and optional provisions / 15. Illegal occupation
- A. Mandatory and optional provisions / 16. Relation of earnings to insurance
- B. Other provisions and clauses
- B. Other provisions and clauses / 1. Insuring clause
- B. Other provisions and clauses / 2. Free look
- B. Other provisions and clauses / 3. Consideration clause
- B. Other provisions and clauses / 4. Probationary period
- B. Other provisions and clauses / 5. Elimination period
- B. Other provisions and clauses / 6. Waiver of premium
- B. Other provisions and clauses / 7. Exclusions and limitations
- B. Other provisions and clauses / 8. Preexisting conditions
- B. Other provisions and clauses / 9. Coinsurance
- B. Other provisions and clauses / 10. Deductibles
- B. Other provisions and clauses / 11. Eligible expenses
- B. Other provisions and clauses / 12. Copayments
- B. Other provisions and clauses / 13. Pre-authorizations and prior approval requirements
- B. Other provisions and clauses / 14. Usual, reasonable, and customary (URC) charges
- B. Other provisions and clauses / 15. Lifetime, annual, or per cause maximum benefit limits
- C. Riders
- C. Riders / 1. Impairment/exclusions
- C. Riders / 2. Guaranteed insurability
- C. Riders / 3. Future increase option
- D. Rights of renewability
- D. Rights of renewability / 1. Noncancelable
- D. Rights of renewability / 2. Cancelable
- D. Rights of renewability / 3. Guaranteed renewable
VII. SOCIAL INSURANCE
- A. Medicare (Parts A, B, C, D)
- B. Medicaid
- C. Social Security benefits
VIII. OTHER ACCIDENT AND HEALTH INSURANCE CONCEPTS
- A. Total, partial, recurrent and residual disability
- B. Owner’s rights
- C. Dependent children benefits
- D. Primary and contingent beneficiaries
- E. Modes of premium payments
- F. Nonduplication and coordination of benefits (e.g., primary vs. excess)
- G. Occupational vs. non-occupational
- H. Tax treatment of premiums and proceeds of insurance contracts (e.g., disability income and medical expenses, etc.)
- I. Managed care
- J. Workers Compensation
- K. Subrogation
IX. FIELD UNDERWRITING PROCEDURES
- A. Completing the application
- B. Explaining sources of insurability and HIPAA privacy information (e.g., MIB Report, Fair Credit Reporting Act, etc.)
- C. Initial premium payment and receipt and consequences of the receipt (e.g., medical examination, etc.)
- D. Submitting application (and initial premium if collected) to company for underwriting
- E. Policy delivery
- F. Explaining policy and its provisions, riders, exclusions, and ratings to clients
- G. Replacement
- H. Contract law
- H. Contract law / 1. Elements of a contract
- H. Contract law / 2. Insurable interest
- H. Contract law / 3. Warranties and representations
- H. Contract law / 4. Unique aspects of the insurance contract
- H. Contract law / 4. Unique aspects of the insurance contract / a. Conditional
- H. Contract law / 4. Unique aspects of the insurance contract / b. Unilateral
- H. Contract law / 4. Unique aspects of the insurance contract / c. Adhesion
- H. Contract law / 4. Unique aspects of the insurance contract / d. Aleatory
X. Mississippi Life and Health Insurance Laws
- A. Commissioner
- A. Commissioner / 1. Broad Powers
- A. Commissioner / 2. Examination of Records
- A. Commissioner / 3. Notice of hearing
- A. Commissioner / 4. Penalties
- A. Commissioner / 5. Unlicensed activities
- B. Life and Health terms and concepts
- B. Life and Health terms and concepts / 1. Insurance
- B. Life and Health terms and concepts / 2. Insurer
- B. Life and Health terms and concepts / 3. Insurance transaction
- B. Life and Health terms and concepts / 4. Authorized/unauthorized; Certificate of Authority
- B. Life and Health terms and concepts / 5. Domestic, foreign and alien
- B. Life and Health terms and concepts / 6. Mississippi Life and Health Insurance Guaranty Association
- B. Life and Health terms and concepts / 7. Fraternals
- B. Life and Health terms and concepts / 8. Essential Health Benefits
- C. Licensing
- C. Licensing / 1. Persons required to be licensed
- C. Licensing / 1. Persons required to be licensed / a. Insurance Producer
- C. Licensing / 1. Persons required to be licensed / b. Insurance Adjuster
- C. Licensing / 1. Persons required to be licensed / c. Resident/non-resident
- C. Licensing / 1. Persons required to be licensed / d. Exemptions
- C. Licensing / 2. Appointments/Termination of Appointments
- C. Licensing / 3. Penalties for noncompliance
- C. Licensing / 3. Penalties for noncompliance / a. Refusal/nonrenewal
- C. Licensing / 3. Penalties for noncompliance / b. Suspension/revocation
- C. Licensing / 3. Penalties for noncompliance / c. Fines
- C. Licensing / 4. Maintenance and duration of license
- C. Licensing / 4. Maintenance and duration of license / a. Renewal
- C. Licensing / 4. Maintenance and duration of license / b. Continuing Education
- C. Licensing / 4. Maintenance and duration of license / c. Notify Commissioner of Change in Address
- C. Licensing / 4. Maintenance and duration of license / d. Report Administrative or Criminal Action
- D. Marketing Practices
- D. Marketing Practices / 1. Protection of public interest
- D. Marketing Practices / 2. Unfair Practices
- D. Marketing Practices / 2. Unfair Practices / a. Unfair claims methods and trade practices
- D. Marketing Practices / 2. Unfair Practices / b. Producer’s Compensation Disclosure
- D. Marketing Practices / 2. Unfair Practices / c. Rebating/illegal dealing in premiums
- D. Marketing Practices / 2. Unfair Practices / d. Illegal inducements
- D. Marketing Practices / 2. Unfair Practices / e. Twisting
- D. Marketing Practices / 2. Unfair Practices / f. Misrepresentation
- D. Marketing Practices / 2. Unfair Practices / g. Defamation of Insurer
- D. Marketing Practices / 2. Unfair Practices / h. Discrimination
- D. Marketing Practices / 2. Unfair Practices / i. Cease and desist
- D. Marketing Practices / 2. Unfair Practices / j. Advertising
- D. Marketing Practices / 2. Unfair Practices / k. Fraud
- D. Marketing Practices / 5. Producer responsibilities
- D. Marketing Practices / 5. Producer responsibilities / a. Policy delivery
- D. Marketing Practices / 5. Producer responsibilities / b. Premium accountability (e.g. fiduciary responsibility, comingling)
- D. Marketing Practices / 5. Producer responsibilities / c. Reply to Commissioner
- D. Marketing Practices / 6. Compensation
- D. Marketing Practices / 6. Compensation / a. Receiving compensation
- D. Marketing Practices / 6. Compensation / b. Referral Fee
- D. Marketing Practices / 6. Compensation / c. Controlled Business
- D. Marketing Practices / 7. Life, Accident and Health or Sickness Policy Replacement and Disclosures
- D. Marketing Practices / 7. Life, Accident and Health or Sickness Policy Replacement and Disclosures / a. Purpose
- D. Marketing Practices / 7. Life, Accident and Health or Sickness Policy Replacement and Disclosures / b. Definition
- D. Marketing Practices / 7. Life, Accident and Health or Sickness Policy Replacement and Disclosures / c. Duty of Producer
- D. Marketing Practices / 8. Long-Term Care Insurance
- D. Marketing Practices / 8. Long-Term Care Insurance / a. Policy standards
- D. Marketing Practices / 8. Long-Term Care Insurance / b. Required Provisions
- D. Marketing Practices / 8. Long-Term Care Insurance / c. Outline of Coverage
Examination sources
- Pearson VUE Mississippi Insurance Examination Content Outlines
Printed page 5 read with document applicability date
- Pearson VUE Mississippi Insurance Examination Content Outlines
Printed page 5, combined Producer outline title
- Pearson VUE Mississippi Insurance Examination Content Outlines
Printed page 5, section heading: I
- Pearson VUE Mississippi Insurance Examination Content Outlines
Printed page 5, section heading: III
- Pearson VUE Mississippi Insurance Examination Content Outlines
Printed page 5, section heading: II
- Pearson VUE Mississippi Insurance Examination Content Outlines
Printed page 6, section heading: IV
- Pearson VUE Mississippi Insurance Examination Content Outlines
Printed page 6, section heading: V
- Pearson VUE Mississippi Insurance Examination Content Outlines
Printed page 6, section heading: I
- Pearson VUE Mississippi Insurance Examination Content Outlines
Printed page 6, section heading: VI
- Pearson VUE Mississippi Insurance Examination Content Outlines
Printed page 6, section heading: IX
- Pearson VUE Mississippi Insurance Examination Content Outlines
Printed page 7, section heading: X
- Pearson VUE Mississippi Insurance Candidate Handbook
Page 10, About the Exam, multiple-choice format
- Pearson VUE Mississippi Insurance Candidate Handbook
Page 11, Score Explanation
- MID Pearson VUE Examination Calculations
LAH scored-question row
- Pearson VUE Mississippi Insurance Candidate Handbook
Page 7, Available Combination Examinations and Fees, InsMS-LAH05
- Pearson VUE Mississippi Insurance Candidate Handbook
Page 6, Making a Reservation
Mississippi Life Producer Examination
- Provider
- Pearson VUE
- Format
- Multiple choice; test center or OnVUE
- Exam questions
- 60 scored plus 10 pretest questions
- Time limit
- 120 minutes
- Passing score
- 65%
- Exam fee
- $50
Examination outline
I. TYPES OF POLICIES
- A. Traditional whole life products
- A. Traditional whole life products / 1. Ordinary whole life
- A. Traditional whole life products / 2. Limited-pay and single-premium life
- B. Interest/market-sensitive/adjustable life products
- B. Interest/market-sensitive/adjustable life products / 1. Universal life
- B. Interest/market-sensitive/adjustable life products / 2. Variable whole life
- B. Interest/market-sensitive/adjustable life products / 3. Variable universal life
- B. Interest/market-sensitive/adjustable life products / 4. Interest-sensitive whole life
- B. Interest/market-sensitive/adjustable life products / 5. Indexed life
- C. Term life
- C. Term life / 1. Types
- C. Term life / 1. Types / a. Level
- C. Term life / 1. Types / b. Decreasing
- C. Term life / 1. Types / c. Return of premium
- C. Term life / 1. Types / d. Annually renewable
- C. Term life / 2. Special features
- C. Term life / 2. Special features / a. Renewable
- C. Term life / 2. Special features / b. Convertible
- D. Annuities
- D. Annuities / 1. Single and flexible premium
- D. Annuities / 2. Immediate and deferred
- D. Annuities / 3. Fixed and variable
- D. Annuities / 4. Indexed
- D. Annuities / 5. Accumulation and Annuity Periods
- D. Annuities / 6. Payout options
- E. Combination plans and variations
- E. Combination plans and variations / 1. Joint life (first to die)
- E. Combination plans and variations / 2. Survivorship life (second to die)
II. POLICY RIDERS, PROVISIONS, OPTIONS, AND EXCLUSIONS
- A. Policy riders
- A. Policy riders / 1. Waiver of premium and waiver of monthly deduction
- A. Policy riders / 2. Guaranteed insurability
- A. Policy riders / 3. Payor benefit
- A. Policy riders / 4. Accidental death and/or accidental death and dismemberment
- A. Policy riders / 5. Term riders
- A. Policy riders / 6. Other insureds
- A. Policy riders / 7. Long term care
- A. Policy riders / 8. Return of premium
- A. Policy riders / 9. Disability
- A. Policy riders / 10. Cost of Living
- B. Policy provisions and options
- B. Policy provisions and options / 1. Entire contract
- B. Policy provisions and options / 2. Insuring clause
- B. Policy provisions and options / 3. Free look
- B. Policy provisions and options / 4. Consideration
- B. Policy provisions and options / 5. Owner’s rights
- B. Policy provisions and options / 6. Beneficia`ry designations
- B. Policy provisions and options / 6. Beneficia`ry designations / a. Primary and contingent
- B. Policy provisions and options / 6. Beneficia`ry designations / b. Revocable and irrevocable
- B. Policy provisions and options / 6. Beneficia`ry designations / c. Common disaster
- B. Policy provisions and options / 6. Beneficia`ry designations / d. Minor beneficiaries
- B. Policy provisions and options / 6. Beneficia`ry designations / e. Designation by class
- B. Policy provisions and options / 7. Premium Payment
- B. Policy provisions and options / 7. Premium Payment / a. Modes
- B. Policy provisions and options / 7. Premium Payment / b. Grace period
- B. Policy provisions and options / 7. Premium Payment / c. Automatic premium loan
- B. Policy provisions and options / 7. Premium Payment / d. Level or flexible
- B. Policy provisions and options / 8. Reinstatement
- B. Policy provisions and options / 9. Policy loans, withdrawals, partial surrenders
- B. Policy provisions and options / 10. Non-forfeiture options
- B. Policy provisions and options / 11. Dividends and dividend options (e.g. participating, non- participating)
- B. Policy provisions and options / 12. Incontestability
- B. Policy provisions and options / 13. Assignments
- B. Policy provisions and options / 14. Suicide
- B. Policy provisions and options / 15. Misstatement of age and gender
- B. Policy provisions and options / 16. Settlement options
- B. Policy provisions and options / 17. Accelerated death benefits
- C. Policy exclusions
- C. Policy exclusions / 1. War
- C. Policy exclusions / 2. Aviation
- C. Policy exclusions / 3. Dangerous Occupation
III. COMPLETING THE APPLICATION, UNDERWRITING, AND DELIVERING THE POLICIES
- A. Completing the application
- A. Completing the application / 1. Required signatures
- A. Completing the application / 2. Changes in the application
- A. Completing the application / 3. Consequences of incomplete applications
- A. Completing the application / 4. Warranties and representations
- A. Completing the application / 5. Collecting the initial premium and issuing the receipt
- A. Completing the application / 6. Replacement
- A. Completing the application / 7. Disclosures at point of sale (e.g., HIPAA, HIV consent)
- A. Completing the application / 8. USA PATRIOT Act/anti-money laundering
- A. Completing the application / 9. Gramm-Leach-Bliley Act (GLBA) Privacy
- B. Underwriting
- B. Underwriting / 1. Insurable interest
- B. Underwriting / 2. Medical information and consumer reports
- B. Underwriting / 3. Fair Credit Reporting Act
- B. Underwriting / 4. Risk classification
- B. Underwriting / 5. Stranger/Investor-owned life insurance (STOLI/IOLI)
- C. Delivering the policy
- C. Delivering the policy / 1. When coverage begins
- C. Delivering the policy / 2. Explaining the policy and its provisions, riders, exclusions, and ratings to the client
- D. Contract law
- D. Contract law / 1. Elements of a legal contract
- D. Contract law / 1. Elements of a legal contract / a. Consideration
- D. Contract law / 1. Elements of a legal contract / b. Offer and Acceptance
- D. Contract law / 1. Elements of a legal contract / c. Competent parties
- D. Contract law / 1. Elements of a legal contract / d. Legal purpose
- D. Contract law / 2. Unique aspects of the insurance contract
- D. Contract law / 2. Unique aspects of the insurance contract / a. Conditional
- D. Contract law / 2. Unique aspects of the insurance contract / b. Unilateral
- D. Contract law / 2. Unique aspects of the insurance contract / c. Adhesion
- D. Contract law / 2. Unique aspects of the insurance contract / d. Aleatory
IV. RETIREMENT, AND OTHER INSURANCE CONCEPTS
- A. Third-party ownership
- B. Life Settlements
- C. Group life insurance
- C. Group life insurance / 1. Conversion privilege
- C. Group life insurance / 2. Contributory vs. noncontributory
- D. Retirement plans
- D. Retirement plans / 1. Qualified plans
- D. Retirement plans / 2. Nonqualified plans
- E. Life insurance needs analysis/suitability
- E. Life insurance needs analysis/suitability / 1. Personal insurance needs
- E. Life insurance needs analysis/suitability / 2. Business insurance needs
- E. Life insurance needs analysis/suitability / 2. Business insurance needs / a. Key person
- E. Life insurance needs analysis/suitability / 2. Business insurance needs / b. Buy sell
- F. Social Security benefits
- G. Tax treatment of insurance premiums, proceeds, and dividends
- G. Tax treatment of insurance premiums, proceeds, and dividends / 1. Individual life
- G. Tax treatment of insurance premiums, proceeds, and dividends / 2. Group life
- G. Tax treatment of insurance premiums, proceeds, and dividends / 3. Modified Endowment Contracts (MECs)
V. Mississippi Life Insurance Laws
- A. Commissioner
- A. Commissioner / 1. Broad Powers
- A. Commissioner / 2. Examination of Records
- A. Commissioner / 3. Notice of hearing
- A. Commissioner / 4. Penalties
- A. Commissioner / 5. Unlicensed activities
- B. Terms and concepts
- B. Terms and concepts / 1. Insurance
- B. Terms and concepts / 2. Insurer
- B. Terms and concepts / 3. Insurance transaction
- B. Terms and concepts / 4. Authorized/unauthorized; Certificate of Authority
- B. Terms and concepts / 5. Domestic, foreign and alien
- B. Terms and concepts / 6. Mississippi Life and Health Insurance Guaranty Association
- B. Terms and concepts / 7. Fraternals
- C. Licensing
- C. Licensing / 1. Persons required to be licensed
- C. Licensing / 1. Persons required to be licensed / a. Insurance Producer
- C. Licensing / 1. Persons required to be licensed / b. Insurance Adjuster
- C. Licensing / 1. Persons required to be licensed / c. Resident/non-resident
- C. Licensing / 1. Persons required to be licensed / d. Exemptions
- C. Licensing / 2. Appointments/Termination of Appointments
- C. Licensing / 3. Penalties for noncompliance
- C. Licensing / 3. Penalties for noncompliance / a. Refusal/nonrenewal
- C. Licensing / 3. Penalties for noncompliance / b. Suspension/revocation
- C. Licensing / 3. Penalties for noncompliance / c. Fines
- C. Licensing / 4. Maintenance and duration of license
- C. Licensing / 4. Maintenance and duration of license / a. Renewal
- C. Licensing / 4. Maintenance and duration of license / b. Continuing Education
- C. Licensing / 4. Maintenance and duration of license / c. Notify Commissioner of Change in Address
- C. Licensing / 4. Maintenance and duration of license / d. Report Administrative or Criminal Action
- D. Marketing Practices
- D. Marketing Practices / 1. Protection of public interest
- D. Marketing Practices / 2. Unfair Practices
- D. Marketing Practices / 2. Unfair Practices / a. Unfair claims methods and trade practices
- D. Marketing Practices / 2. Unfair Practices / b. Producer’s Compensation Disclosure
- D. Marketing Practices / 2. Unfair Practices / c. Rebating/illegal dealing in premiums
- D. Marketing Practices / 2. Unfair Practices / d. Illegal inducements
- D. Marketing Practices / 2. Unfair Practices / e. Twisting
- D. Marketing Practices / 2. Unfair Practices / f. Misrepresentation
- D. Marketing Practices / 2. Unfair Practices / g. Defamation of Insurer
- D. Marketing Practices / 2. Unfair Practices / h. Discrimination
- D. Marketing Practices / 2. Unfair Practices / i. Cease and desist
- D. Marketing Practices / 2. Unfair Practices / j. Advertising
- D. Marketing Practices / 2. Unfair Practices / k. Fraud
- D. Marketing Practices / 3. Producer responsibilities
- D. Marketing Practices / 3. Producer responsibilities / a. Policy delivery
- D. Marketing Practices / 3. Producer responsibilities / b. Premium accountability (e.g. fiduciary responsibility, comingling)
- D. Marketing Practices / 3. Producer responsibilities / c. Reply to Commissioner
- D. Marketing Practices / 4. Compensation
- D. Marketing Practices / 4. Compensation / a. Receiving compensation
- D. Marketing Practices / 4. Compensation / b. Referral Fee
- D. Marketing Practices / 4. Compensation / c. Controlled Business
- D. Marketing Practices / 5. Life Policy Replacements and Disclosures
- D. Marketing Practices / 5. Life Policy Replacements and Disclosures / a. Purpose
- D. Marketing Practices / 5. Life Policy Replacements and Disclosures / b. Definition
- D. Marketing Practices / 5. Life Policy Replacements and Disclosures / c. Duty of Producer
Examination sources
- Pearson VUE Mississippi Insurance Examination Content Outlines
Printed page 1, applicability date
- Pearson VUE Mississippi Insurance Examination Content Outlines
Printed page 1, Life Producer outline title
- Pearson VUE Mississippi Insurance Examination Content Outlines
Printed page 1, section heading: I
- Pearson VUE Mississippi Insurance Examination Content Outlines
Printed page 1, section heading: III
- Pearson VUE Mississippi Insurance Examination Content Outlines
Printed page 1, section heading: II
- Pearson VUE Mississippi Insurance Examination Content Outlines
Printed page 2, section heading: IV
- Pearson VUE Mississippi Insurance Examination Content Outlines
Printed page 2, section heading: V
- Pearson VUE Mississippi Insurance Candidate Handbook
Page 10, About the Exam, multiple-choice format
- Pearson VUE Mississippi Insurance Candidate Handbook
Page 11, Score Explanation
- MID Pearson VUE Examination Calculations
Life scored-question row
- Pearson VUE Mississippi Insurance Candidate Handbook
Page 7, Available Examinations and Fees, InsMS-Life01
- Pearson VUE Mississippi Insurance Candidate Handbook
Page 6, Making a Reservation