Mississippi Property & Casualty Practice Exam

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Prepare for the Mississippi Property and Casualty Exam. Use flashcards and multiple-choice questions, with hints and detailed explanations. Ace your test!

Practice this question and more.

After a producer's appointment is terminated, how many days does the insurer or authorized representative have to notify the commissioner?

180 days
90 days
60 days
30 days

The correct answer is: 180 days

The correct timeframe requires the insurer or authorized representative to notify the commissioner within a specific duration after a producer's appointment is terminated. In Mississippi, this period is set at 30 days. It's important for the insurer to provide this timely notice to maintain regulatory compliance and ensure that the state has accurate records of licensed producers. This communication helps to uphold the integrity of the insurance market and ensures that all necessary regulatory procedures are properly followed post-termination. While a longer notification period might be valid in other contexts or jurisdictions, the regulation specifically sets this period at 30 days to ensure swift actions in case of any compliance or legal issues following the termination of the producer's appointment.