Questions: In Mississippi, an element of an insurance transaction would be A. issuing an insurance contract B. ordering an MIB report C. setting up the sales appointment D. determining how much coverage is needed

The answer is the first one (A): issuing an insurance contract.

Explanation for each option:

A. Issuing an insurance contract - Correct. This is a direct element of an insurance transaction as it involves the formal agreement between the insurer and the insured, which is central to the transaction process.

B. Ordering an MIB report - Incorrect. While ordering an MIB (Medical Information Bureau) report is part of the underwriting process, it is not an element of the insurance transaction itself. It is more of a preparatory step to assess risk.

C. Setting up the sales appointment - Incorrect. This is a preliminary step in the sales process and not an element of the insurance transaction. It involves scheduling a meeting to discuss potential insurance needs.

D. Determining how much coverage is needed - Incorrect. This is part of the needs assessment process and not an element of the insurance transaction. It involves evaluating the client's needs to recommend appropriate coverage.

In summary, the issuance of an insurance contract is the key element of an insurance transaction, as it formalizes the agreement between the insurer and the insured.