Notwithstanding any other provision of law, the commissioner of insurance shall have sole and exclusive authority to regulate the issuance and sale of contracts for which separate accounts may be established, the insurers which issue them and the agents or other persons who sell them. The commissioner of insurance also shall have the sole authority to issue such reasonable rules and regulations as may be appropriate to carry out the purposes and provisions of Sections 83-7-27 through 83-7-49, including rules and regulations applicable to the licensing and qualification of agents or other persons who sell such contracts.
Miss. Code Ann. § 83-7-45
Authority of commissioner to regulate issuance and sale of contracts for separate accounts and those who issue and sell them
Applied in 2 court decisions — leading case Association Casualty Insurance v. Allstate Insurance (2007)
Most recently applied in 507 F. Supp. 2d 610 - ASSOCIATION CAS. INS. CO. v. Allstate Ins. Co. (August 2007)
Codes, 1942, § 5649-40; Laws, 1968, ch. 475, § 10; Laws, 1978, ch. 457, § 10, eff from and after July 1, 1978.
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.