Free Homeowners Policy Concepts Practice Questions
Mississippi Property exam — 161 practice questions.
Subtopics: Bill of Rights delivery, Bill of Rights scope, Claim documents, Reject settlement, Written reasons, Credit alone, Outline of coverage, Checklist items, Checklist effect, Burden of proof, Duty to read, Unearned premium, Flood exclusion notice, Flood notice content, Storm surge, Named storm deductible buy-back, Named storm duration, Named storm defined, Deductible dollar amount, Named storm optional, Deductible defined, Roof age, Strengthen MS Homes, SMH grant cap, SMH eligibility, Claims mediation, Public adjuster fee, Public adjuster after offer, Public adjuster cancellation, Public adjuster conflict, Eligibility, HO-3 special, HO-4 renters, HO-6 condo, HO-8 modified, Coverage C limit, Coverage B limit, Loss of use, Coverage E liability, Coverage F medical payments, Replacement cost requirement, Special limits, Standard mortgage clause, Vacant vs unoccupied, Open vs named perils, Loss assessment, Debris removal, Trees and shrubs, Ordinance or law, Appraisal condition, Business pursuits, Home day care, Personal injury, Watercraft endorsement, Fungi limitation, Permitted incidental occupancies, Identity fraud, Earthquake endorsement, Scheduled personal property, Water and sewer backup, HO-2 broad form, HO-5 comprehensive form, Coverage A dwelling, Section I vs Section II, Medical payments exclusions, Credit card and forgery coverage, Collapse additional coverage, Glass or safety glazing, Landlords furnishings, Fire department service charge, Reasonable repairs, Property removed coverage, Damage to property of others, Money special limit, Volcanic eruption, Firearms theft limit, Business property on-premises limit, Personal property replacement cost, Grave markers, Refrigerated food spoilage, Concealment or fraud condition, Intentional loss exclusion, Neglect exclusion, Power failure exclusion, Nuclear hazard exclusion, Motor vehicle liability exclusion, Aircraft liability exclusion, Severability of insurance, Loss payment condition, Our option to repair or replace, Definition of insured, Full-time student, Residence premises, HO civil authority, HO-4 Coverage C, HO-4 additions and alterations, HO-6 Coverage A, HO-3 Coverage C perils, Theft from dwelling under construction, Theft - rented to others, Watercraft property limit, Securities limit, Jewelry theft limit, Silverware theft limit, Business property off premises, Property not covered, Coverage C worldwide, Personal property at other residence, Debris removal additional amount, Tree removal, Trees perils, Loss assessment limit, Ordinance or law limit, Grave markers limit, Landlord furnishings limit, Property removed duration, Replacement cost holdback, HO underinsured RC calc, Loss settlement - contents, Medical payments time limit, Section II additional - claim expenses, First aid expenses, Watercraft liability exclusion, Business exclusion, Coverage E exclusion - insured injury, Rented property liability, Expected or intended, Section II other insurance, Section I other insurance, HO cancellation - new policy, HO nonrenewal notice, Death of named insured, Mold exclusion HO-3, Animals owned exclusion, Vacancy - vandalism HO, Inflation guard HO, Additional living expense example, Section II, HO-5 vs HO-3, HO-5 special limits, HO-8 loss settlement, HO-8 theft, HO-8 perils, Water backup, Identity fraud expense
Read the Homeowners Policy Concepts study guide
Sample questions & answers
1. Under Mississippi regulation, every homeowners policy delivered, issued or renewed in the state must include a copy of the:
Policyholder Bill of Rights
Rule 34.04 provides that on or after September 1, 2009, no homeowners residential property policy may be delivered, issued or renewed unless a copy of the Policyholder Bill of Rights is included.
2. Mississippi's Homeowner Policyholder Bill of Rights regulation applies to all of the following EXCEPT:
Creditor-placed property coverage
Rule 34.03 applies to insurers writing personal residential coverage, including surplus lines, MWUA and MRPIUA, condominium, dwelling fire, renters and mobile home coverage, but excludes creditor-placed and association master coverage.
3. Under Mississippi's Policyholder Bill of Rights, a homeowner may request from the insurer:
Non-privileged adjuster and engineer reports used to adjust the claim
Rule 34.04(M) gives policyholders the right to request and receive non-privileged adjuster, engineer and contractor reports and documents the insurer prepared or used in adjusting the claim, except fraud-investigation documents.
4. Mississippi's Policyholder Bill of Rights states that a homeowner has the right to:
Reject any settlement amount the insurer offers
Rule 34.04(R) provides that policyholders have the right to reject any settlement amount offered by the insurance company.
Practice: Homeowners Policy Concepts
Answer choices are shuffled every time, and every question comes with an explanation.
Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.
