Mississippi Property & Casualty Insurance License Exam — All Questions
3 questions
What are Mississippi's minimum auto liability limits for a private passenger vehicle?
- a.$15,000 / $30,000 / $10,000
- b.$30,000 / $60,000 / $25,000
- c.$25,000 / $50,000 / $25,000✓
- d.$50,000 / $100,000 / $50,000
Mississippi's minimum liability limits are 25/50/25: $25,000 bodily injury per person, $50,000 per accident, and $25,000 property damage. These are minimums set by state law and can change, so confirm current figures with the Mississippi Insurance Department.
How is Mississippi's auto insurance system best characterized with respect to the right to sue?
- a.A no-fault state that bars most auto injury lawsuits
- b.A tort ('at-fault') state in which the injured party keeps the right to sue the at-fault driver✓
- c.An add-on PIP state with mandatory first-party benefits
- d.A state with no financial-responsibility requirement
Mississippi is a tort, or at-fault, state: it does not mandate no-fault personal injury protection, and an injured person retains the full right to sue the at-fault driver for damages. Compulsory liability coverage still applies. Confirm current requirements with the Mississippi Insurance Department.
Along the Mississippi Gulf Coast, wind and hail is often excluded from standard homeowners policies. Where can coastal property owners typically obtain wind and hail coverage as a market of last resort?
- a.The federal flood program
- b.The state Medicaid fund
- c.Mississippi's coastal wind pool (residual market wind and hail association)✓
- d.The Mississippi Department of Revenue
Because private insurers often exclude or limit wind and hail in Mississippi's coastal counties, the state maintains a residual-market wind pool (a windstorm underwriting association) that offers wind and hail coverage of last resort in the designated coastal area. This is separate from federal flood insurance, which covers rising water, not wind. Verify the current pool territory and coverage terms with the Mississippi Insurance Department.