October 14, 2022

Mississippi Insurance License Exam

Written by: Ethan Peyton

Cartoon woman holding Mississippi Insurance License Exam document

    Passing your Mississippi insurance license exam is a pivotal part of becoming a licensed insurance agent in the state of Mississippi.

    In this guide, we’ll break down the general information that you need to know in order to pass your exam, outline the differences between each examination line, and offer tips on both: how to prepare for your Mississippi insurance licensing exam, and on what to do after you pass.

     

    Mississippi Insurance Exam Basics

    General Information

    The state of Mississippi uses Pearson VUE to administer its insurance agent licensing. This means you can register and book all of your licensing examinations through the Pearson VUE website. Your test can be carried out online or in person.

    Each major insurance line examination includes both general and state-specific material.

    The general questions test your federal insurance product and agent knowledge, whereas the state-specific questions test you on the Mississippi insurance regulations and laws that you will need to know in order to operate as an insurance agent.

    Score Explanation

    The passing score can be different depending on the exam that you sit, but will either be 65% or 70%.

    This is determined by the Mississippi Insurance Department, which regulates insurance companies, agents, and licensing in the state of Mississippi.

    Through standardization and control, Pearson VUE ensures that no candidate faces an unfair advantage or disadvantage as a result of differences in form difficulty.

    Note: Whether you sit your examination online or in-person, you will receive your score by email.

    Cost

    Your Mississippi insurance license exam cost will depend on the number of examinations that you take:

    Examination

    Cost 

    Time Allowed

    Life Producer

    $52

    120 Minutes

    Accident & Health or Sickness Producer

    $52

    120 Minutes

    Property Producer

    $52

    120 Minutes

    Casualty Producer

    $52

    120 Minutes

    Note: You should focus on one exam at a time. This will likely increase the amount of time and effort you can allocate to each examination and should allow you to feel more prepared when you sit your exam.

    Recommended Pre-License Course

    Before taking your insurance exam, we recommend completing a pre-license education course. This is a requirement in the state of Mississippi, and can also go a long way in helping you learn all of the information that you will need to know during your exam.
    4.7 out of 5 starsKaplan Education Company

     

    Mississippi Life and Health Insurance Exam

    Below you can find the content outline offered by Pearson VUE.

    We recommend using it as a checklist when working through your pre-license education course. This way, you’ll be absolutely sure that you haven’t missed any topic that you will be tested on later.

    Life Producer Content Outline

    60 scorable questions, plus 10 pretest questions.

    I. Types of Policies

    A. Traditional whole life products
    B. Interest/market-sensitive/adjustable life products
    C. Term life
    D. Annuities
    E. Combination plans and variations

     

    II. Policy Riders, Provisions, Options, and Exclusions

    A. Policy riders
    B. Policy provisions and options
    C. Policy exclusions

     

    III. Completing the Application, Underwriting, and Delivering the Policies

    A. Completing the application
    B. Underwriting
    C. Delivering the policy
    D. Contract law

     

    IV. Retirement, and Other Insurance Concepts

    A. Third-party ownership
    B. Life settlements
    C. Group life insurance
    D. Retirement plans
    E. Life insurance needs analysis/suitability
    F. Social Security benefits
    G. Tax treatment of insurance premiums, proceeds, and dividends

     

    V. Mississippi Life Insurance Laws

    A. Commissioner
    B. Terms and concepts
    C. Licensing
    D. Marketing Practices

     

    Accident & Health or Sickness Producer Content Outline

    60 scorable questions, plus 10 pretest questions.

    I. Types of Polices

    A. Disability income
    B. Accidental death and dismemberment
    C. Medical expense insurance
    D. Medicare supplement policies
    E. Group insurance
    F. Individual/Group Long Term Care (LTC)
    G. Other policies

     

    II. Policy Provisions, Clauses, and Riders

    A. Mandatory and optional provisions
    B. Other provisions and clauses
    C. Riders
    D. Rights of renewability

     

    III. Social Insurance

    A. Medicare (Parts A, B, C, D)
    B. Medicaid
    C. Social Security benefits

     

    IV. Other 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
    G. Occupational vs. non-occupational
    H. Tax treatment of premiums and proceeds of insurance contracts
    I. Managed care
    J. Workers Compensation
    K. Subrogation

     

    V. Field Underwriting Procedures

    A. Completing the application
    B. Explaining sources of insurability and HIPAA privacy info
    C. Initial premium payment and receipt
    D. Submitting application to company for underwriting
    E. Policy delivery
    F. Explaining policy to clients
    G. Replacement
    H. Contract law

     

    VI. Mississippi Accident and Health Insurance Laws

    A. Commissioner
    B. Terms and concepts
    C. Licensing
    D. Marketing Practices

    We recommend reading our in-depth How to Pass the Life Insurance Exam guide for a better overview.

     

    Mississippi Property and Casualty License Exam

    Below you can find the content outline offered by Pearson VUE.

    You should use this outline as a checklist when working through your pre-license education course in order to ensure that you haven’t missed any topic that you will be tested on later on.

    Property Producer Content Outline

    60 scorable questions, plus 10 pretest questions.

    I. Types of Policies

    A. Homeowners
    B. Dwelling policies
    C. Commercial lines
    D. Inland marine
    E. National Flood Insurance Program
    F. Others

     

    II. Insurance Terms and Related Concepts

    A. Insurance
    B. Insurable interest
    C. Risk
    D. Hazard
    E. Peril
    F. Loss
    G. Loss Valuation
    H. Proximate cause
    I. Deductible
    J. Indemnity
    K. Limits of liability
    L. Coinsurance/Insurance to value
    M. Occurrence
    N. Cancellation
    O. Nonrenewal
    P. Vacancy and Inoccupancy
    Q. Liability
    R. Negligence
    S. Binder
    T. Endorsements
    U. Blanket vs. Specific

     

    III. Policy Provisions and Contract Law

    A. Declarations
    B. Insuring agreement
    C. Conditions
    D. Exclusions
    E. Definition of the insured
    F. Duties of the insured
    G. Obligations of the insurance company
    H. Mortgagee rights
    I. Proof of loss
    J. Notice of claim
    K. Appraisal
    L. Other Insurance Provision
    M. Subrogation
    N. Elements of a contract
    O. Warranties, representations, and concealment
    P. Sources of underwriting information
    Q. Fair Credit Reporting Act
    R. Privacy Protection (Gramm Leach Bliley)
    S. Policy Application
    T. Terrorism Risk Insurance Act (TRIA)
    U. Territory

     

    IV. Mississippi Property Insurance Laws

    A. Commissioner
    B. Terms and concepts
    C. Licensing
    D. Marketing Practices
    E. Cancellation/Nonrenewal
    F. Applications and Binders

     

    Casualty Producer Content Outline

    60 scorable questions, plus 10 pretest questions.

    I. Types of Policies, Bonds, and Related Terms

    A. Commercial general liability
    B. Automobile: personal auto and business auto
    C. Workers Compensation Insurance, Employers Liability Insurance and Related Issues
    D. Crime
    E. Bonds
    F. Professional liability
    G. Umbrella/Excess Liability
    H. Businessowners Policy (BOP)

     

    II. Insurance Terms and Related Concepts

    A. Risk
    B. Hazards
    C. Indemnity
    D. Insurable interest
    E. Loss valuation
    F. Negligence
    G. Liability
    H. Occurrence
    I. Binders
    J. Warranties
    K. Representations
    L. Concealment
    M. Deposit Premium/Audit
    N. Certificate of Insurance
    O. Law of Large Numbers
    P. Pure vs. Speculative Risk
    Q. Endorsements
    R. Damages
    S. Compliance with provisions of Fair Credit Reporting Act

     

    III. Policy Provisions

    A. Declarations
    B. Insuring agreement
    C. Conditions
    D. Exclusions and Limitations
    E. Definition of the insured
    F. Duties of the insured after a loss
    G. Cancellation and nonrenewal provisions
    H. Supplementary payments
    I. Proof of loss
    J. Notice of claim
    K. Arbitration
    L. Subrogation
    M. Loss settlement provisions including consent to settle a loss
    N. Terrorism Risk Insurance Act (TRIA)

     

    IV. Mississippi Casualty Insurance Laws

    A. Commissioner
    B. Terms and concepts
    C. Licensing
    D. Marketing Practices
    E. Cancellation/Nonrenewal
    F. Applications and Binders
    G. Automobile

    We recommend reading our Property and Casualty Insurance exam article for a more in-depth overview.

     

    How to Pass the Mississippi Insurance Exam

    Passing your Mississippi insurance exam ultimately comes down to your mindset and degree of preparation.

    We have composed a few helpful exam tips and tricks that should help you perform as well as you can during your exam day.

    Get a Pre-License Course

    Getting a pre-license course can go a long way in helping you get accustomed to the prolific amount of content that you will have to memorize. It is also a requirement in the state of Mississippi.

    We recommend Kaplan’s course because it offers a variety of helpful features, including:

    • Online exam simulations
    • Live online training
    • Printable study guides
    • End of chapter reviews

    For more information, we recommend reading our Kaplan Insurance Course Review.

     

    Make Enough Time to Study

    Not leaving enough time to prepare is one of the easiest ways to ensure that you do not pass your exam on your first attempt.

    Remember, there are zero questions on your exam that are based on common sense or critical thinking. All questions are purely factual, and so will relate to how well you understand and remember the content that you have learned.

    We recommend allocating around one to two weeks to prepare for your exam, as this should allow you to go through all of the material at least twice.

     

    Control Test Anxiety

    Even though you cannot control whether you get exam anxiety or not, you can take a few steps when preparing to limit its effect on your performance:

    • Establish a consistent pretest routine — Acclimate yourself to exam conditions by following a specific routine on each practice exam at home. This should help you feel less anxious during your exam day.
    • Get plenty of sleep — Lack of sleep can exacerbate your anxiety and increase your self-doubt. Make sure you are consistently getting a good night’s sleep in the week leading up to your exam.
    • Study effectively — This sounds obvious, but make sure you are actually tailoring your studying to the exam that you are taking. Remember, there are no critical thinking or common sense questions involved.
    • Arrive early — If you are planning to sit your exam in person, we recommend you arrive at least 30 minutes before it’s due to start in order to get used to your surroundings and have time to check in with your center’s administrator.

    For a more in-depth overview of how you can prepare for your Mississippi insurance exam, we recommend reading our How to Pass the Insurance Exam article.

     

    Getting Your Mississippi Insurance License

    Your next steps will depend on whether you actually passed your exam, as well as on whether you plan to get licensed for any additional lines.

    You can apply for your license up to 12 months after you complete your exam, so if you would like to attempt passing additional insurance line exams before filing your licensing application, you are totally free to do that.

    After you have passed your insurance licensing exam, you will need to:

    • Complete a fingerprint and background check
    • File your licensing application
    • Wait for your application to be reviewed

    Have a look at our How to Become an Insurance Agent in Mississippi review for more information on all the steps that you will need to take after passing your insurance exam.




    Mississippi Insurance Exams FAQ

    How often do I have to renew my Mississippi license?

    Renewal of your insurance license in Mississippi occurs every two years on the last day of your birth month.

    For more information, see our guide on How to Renew Your Insurance License in Mississippi.

     

    How long is the Mississippi insurance exam?

    This will depend on the insurance exam in question. The Life, Accident & Health or Sickness, Property, and Casualty exams are all 120 minutes long.

    The combined Life, Accident & Health or Sickness and Property and Casualty Producer exams are both 150 minutes long.

     

    How many times can you take the Mississippi insurance exam?

    There is no limit on the number of times you can sit an insurance licensing exam in Mississippi. Having said that, keep in mind that your pre-licensing education will remain valid for two years.

    If you want to retake an examination after that, you will need to complete your pre-licensing education again.

     

    How many questions are on the Mississippi insurance exam?

    This depends on which exam you are taking. The Life and Accident & Health or Sickness exam both consist of 60 questions. The combination exam for Life, Accident & Health or Sickness is slightly longer, and consists of 115 questions.

    Mississippi Insurance Department Contact Information

    Mailing Address:

    P.O. Box 79
    Jackson, Mississippi 39205-0079

    Phone: (601) 359-3582

    Fax: (601) 359-1951

    Email: licensing@mid.ms.gov

    Website: http://www.mid.ms.gov

    License Search: Mississippi Insurance License Search and Lookup




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