Chapter
Insurers Rehabilitation and Liquidation Act
- Miss. Code Ann. § 83-24-1— Short title
- Miss. Code Ann. § 83-24-3— Declaration of purpose
- Miss. Code Ann. § 83-24-5— Application of chapter
- Miss. Code Ann. § 83-24-7— Definitions
- Miss. Code Ann. § 83-24-9— Commencement of delinquency proceedings; jurisdiction
- Miss. Code Ann. § 83-24-11— Injunctions and orders; application
- Miss. Code Ann. § 83-24-13— Cooperation with Commissioner of Insurance; penalty for obstructing or interfering with proceedings; hearings
- Miss. Code Ann. § 83-24-15— Commencement of proceedings under former law; application of current provisions
- Miss. Code Ann. § 83-24-17— Restrictions on insurer after commencement of delinquency proceedings
- Miss. Code Ann. § 83-24-19— Petition for court order for formal delinquency proceeding; content of order; ex parte order; duration of order; affect on contractual obligations; hearings; review of order; notice
- Miss. Code Ann. § 83-24-21— Confidentiality of records pertaining to proceedings
- Miss. Code Ann. § 83-24-23— Petition for order to rehabilitate domestic insurer or alien insurer domiciled in state; grounds
- Miss. Code Ann. § 83-24-25— Rehabilitator designated; affect of order of rehabilitation; affect on contractual obligations
- Miss. Code Ann. § 83-24-27— Appointment of special deputies; powers and duties; compensation; counsel; clerical assistants; advisory committee of policyholders, claimants, or other creditors; cost of administration; implementation of legal proceedings; plans for reorganization, etc.; fraudulent transfers
- Miss. Code Ann. § 83-24-29— Stay of action or proceeding; statute of limitations; defense of laches; standing to appear in proceedings
- Miss. Code Ann. § 83-24-31— Petition for order of liquidation; order of liquidation on grounds of insolvency; petition for order terminating rehabilitation of insurer; restoration of insurer’s interest
- Miss. Code Ann. § 83-24-33— Petition for order directing liquidation; grounds
- Miss. Code Ann. § 83-24-35— Commissioner, and his successors in office, as liquidator; rights, duties and responsibilities; terms of order to liquidate; financial reports; plan for continuation of insurer’s business
- Miss. Code Ann. § 83-24-37— Continuation of insurer’s obligations; termination of coverages
- Miss. Code Ann. § 83-24-39— Petition for order to dissolve corporate existence
- Miss. Code Ann. § 83-24-41— Powers and duties of liquidator
- Miss. Code Ann. § 83-24-43— Notice of liquidation order; filing claims with liquidator
- Miss. Code Ann. § 83-24-45— Agent of insurer; duties following notice of liquidation; penalties
- Miss. Code Ann. § 83-24-47— Action or proceeding against insurer after order appointing liquidator prohibited; injunctions; action on behalf of insurer; limitation of actions; rights of guaranty association
- Miss. Code Ann. § 83-24-49— Preparation of list of insurer’s assets
- Miss. Code Ann. § 83-24-51— Transfers by insurer prior to petition for rehabilitation or liquidation; voiding transfers
- Miss. Code Ann. § 83-24-53— Transfer of real property of insurer after petition for rehabilitation or liquidation
- Miss. Code Ann. § 83-24-55— Preference transfer; voiding
- Miss. Code Ann. § 83-24-57— Surrender of preference, lien, conveyance, transfer, assignment or encumbrance by creditor
- Miss. Code Ann. § 83-24-59— Mutual debts or mutual credits between insurer and another person; setoff
- Miss. Code Ann. § 83-24-61— Report by liquidator after order of liquidation; assessments; notice
- Miss. Code Ann. § 83-24-63— Recovery from reinsurers; amount
- Miss. Code Ann. § 83-24-65— Payment of premiums; recovery of unearned premiums; credits; setoffs; violation of provisions; penalties; notice of violation; hearing; appeal
- Miss. Code Ann. § 83-24-67— Disbursement of assets after final determination of insolvency
- Miss. Code Ann. § 83-24-69— Filing proof of claims; late filing
- Miss. Code Ann. § 83-24-71— Content of proof of claims
- Miss. Code Ann. § 83-24-73— Claim of third party which is contingent on obtaining judgment against insurer; claims due except for passage of time; employment contracts
- Miss. Code Ann. § 83-24-75— Third party claim filed with liquidator; insured filing claim; claim subject to coverage by guaranty association
- Miss. Code Ann. § 83-24-77— Denial of claim; notice; objection to denial; hearing
- Miss. Code Ann. § 83-24-79— Failure of secured creditor to file claim; distribution on claim
- Miss. Code Ann. § 83-24-81— Value of security held by secured creditor; determination
- Miss. Code Ann. § 83-24-83— Priority of distribution of claims; order of distribution
- Miss. Code Ann. § 83-24-85— Review of claims filed in liquidation; reports; power and duty of court
- Miss. Code Ann. § 83-24-87— Payment of distributions
- Miss. Code Ann. § 83-24-89— Deposit of unpaid funds with State Treasurer; escheat proceedings
- Miss. Code Ann. § 83-24-91— Application for order of discharge; costs and expenses
- Miss. Code Ann. § 83-24-93— Reopening proceedings after discharge of liquidator; orders
- Miss. Code Ann. § 83-24-95— Destruction of records
- Miss. Code Ann. § 83-24-97— Audit of books of commissioner relating to receivership established under this chapter; reports; expenses
- Miss. Code Ann. § 83-24-99— Commissioner of insurance acting as conservator in absence of appointment of domiciliary liquidator; orders
- Miss. Code Ann. § 83-24-101— Application by commissioner for order permitting liquidation of assets found in state of foreign insurer or alien insurer not domiciled in state; notice; filing or recording order; domiciliary liquidator appointed in reciprocal state or nonreciprocal state; payment of claims
- Miss. Code Ann. § 83-24-103— Vesting of title to assets in liquidator; filing claim with liquidator or ancillary receiver
- Miss. Code Ann. § 83-24-105— Petition for appointment as ancillary receiver; orders
- Miss. Code Ann. § 83-24-107— Discretion of commissioner of insurance to institute proceedings
- Miss. Code Ann. § 83-24-109— Claimants residing in foreign country or in states not reciprocal states; time requirements; notice; claims by claimants residing in reciprocal states
- Miss. Code Ann. § 83-24-111— Liquidation proceeding in reciprocal state against insurer domiciled in that state; claims by residents of Mississippi; notice; hearings; final allowance
- Miss. Code Ann. § 83-24-113— Attachment, garnishment or levy of execution against delinquent insurer during pendency of liquidation proceedings
- Miss. Code Ann. § 83-24-115— Liquidation proceeding in Mississippi involving one or more reciprocal states; order of distribution; priority of claims; special deposit claims; surrender of secured claim
- Miss. Code Ann. § 83-24-117— Failure of ancillary receiver in another state or foreign country to transfer assets to domiciliary liquidator