Free Casualty Insurance Basics Practice Questions
Mississippi Casualty exam — 135 practice questions.
Subtopics: Notice period, Nonpayment, Late notice remedy, Affiliate transfer, Certificates of insurance, Agent opinion letter, Certificate forms, Certificate penalties, Compensatory damages, Special damages, General damages, Punitive damages, Strict liability, Vicarious liability, Absolute liability, Negligence elements, Proximate cause, Comparative negligence, Assumption of risk, Accident vs occurrence, Split limits, Combined single limit, Aggregate limit, Duty to defend, Supplementary payments, First named insured, Duties after loss, Other insurance, Underwriting purpose, Rate development, Subrogation condition, Liberalization, Policy territory, Hazard types, Claim settlement options, Cancellation pro rata, Loss payable, No benefit to bailee, Duties assignment, Negligence per se, Res ipsa loquitur, Intervening cause, Terrorism program, Bodily injury defined, Property damage defined, Insured contract, Self-insured retention, Tort defined, Battery, Libel, Nuisance, Trespass, Contributory negligence, Last clear chance, Joint and several liability, Respondeat superior, Attractive nuisance, Reasonable person standard, Burden of proof, Statute of limitations, Duty to mitigate, Nominal damages, Bailment, Hold harmless agreement, Named insured, Additional insured, Sublimit, Erosion of aggregate, Deductible, Loss reserve, IBNR reserve, Loss adjustment expense, Proof of loss, Appraisal clause, Arbitration, Short-rate cancellation, Notice of cancellation, Nonrenewal, Coverage trigger, Defense within limits, Severability of insureds, Premium audit, Retrospective rating, Schedule rating, Earned premium, Certificate of insurance, Split limits application, Intentional torts, Slander, Conversion, Invasion of privacy, Modified comparative negligence, Pure comparative negligence, Comparative negligence calculation, Legal liability sources, Criminal vs civil, Duty of care to entrants, Dram shop laws, Products liability, Occurrence vs claims-made, Claims-made tail, Common policy conditions, Legal action against insurer, Bankruptcy condition, Supplementary payments limits, Cancellation calculation, Limits calculation, Deductible types, Primary and excess, Contribution by equal shares, Contribution by limits, Duty to defend scope, Reservation of rights, Medical payments vs liability, Personal injury vs bodily injury, Claim vs suit, Negligence defenses, Extended reporting period, Retroactive date
Read the Casualty Insurance Basics study guide
Sample questions & answers
1. For fire, liability and multiperil policies issued or renewed on or after July 1, 2026, a Mississippi insurer must mail or deliver notice of cancellation, reduction in coverage or nonrenewal at least:
45 days before it takes effect
HB 1611 (2025) amended Miss. Code 83-5-28 so that, for coverage issued or renewed on or after July 1, 2026, the notice must be mailed or delivered not less than forty-five days before the effective date (it had been thirty days).
2. Under Miss. Code 83-5-28, when a fire or multiperil policy is cancelled for nonpayment of premium and there is a named creditor loss payee, the minimum notice is:
10 days
Section 83-5-28 does not apply to nonpayment of premium unless there is a named creditor loss payee, in which case at least ten days' notice is required.
3. If a Mississippi property insurer fails to give the notice required by 83-5-28, the named insured may:
Continue the policy for the rest of the notice period plus 45 more days at the existing premium
HB 1611 added that if the insurer fails to meet the notice requirement, the named insured may continue the policy for the remainder of the notice period plus an additional forty-five days at the existing premium rate, in 45-day increments until proper notice is given.
4. An insurer plans to move its Mississippi homeowners policies at renewal to an affiliated insurer in the same group. It must notify the Department of Insurance how far in advance of notifying policyholders?
At least 45 days
Section 83-5-28(4) requires a transferring insurer to notify the Department at least forty-five days before notifying policyholders, naming both insurers and the receiving insurer's financial rating.
Practice: Casualty Insurance Basics
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.
