Chapter

General Provisions Relative to Insurance and Insurance Companies

Miss. Code Ann. § 83-5-1— Concerns subject to department
Miss. Code Ann. § 83-5-3— All companies to submit to all laws of state
Miss. Code Ann. § 83-5-5— Terms defined
Miss. Code Ann. § 83-5-7— Situs of contract
Miss. Code Ann. § 83-5-9— Business to be conducted in corporate name
Miss. Code Ann. § 83-5-11— Legal process
Miss. Code Ann. § 83-5-13— Laws applicable
Miss. Code Ann. § 83-5-15— License fees for each class of business
Miss. Code Ann. § 83-5-17— Revocation of license; administrative fine; funding of agency expenses; deposit of monies into State General Fund
Miss. Code Ann. § 83-5-19— Sale of stock regulated
Miss. Code Ann. § 83-5-21— License revoked if judgments not paid
Miss. Code Ann. § 83-5-23— Reserves required
Miss. Code Ann. § 83-5-25— Certain insurance prohibited
Miss. Code Ann. § 83-5-27— Discrimination through fictitious grouping prohibited
Miss. Code Ann. § 83-5-28— Cancellation, reduction in coverage, or nonrenewal of coverage; notice; inclusion in policies issued or renewed after June 30, 1989; validity and enforcement of replacement policies; transferring insurers requirements
Miss. Code Ann. § 83-5-29— Insurance business practices regulated
Miss. Code Ann. § 83-5-30— Notice of withdrawal, cancelation, or failure to renew insurance; penalties
Miss. Code Ann. § 83-5-31— Definitions
Miss. Code Ann. § 83-5-33— Unfair methods of competition and deceptive practices prohibited
Miss. Code Ann. § 83-5-35— Unfair methods of competition and unfair or deceptive acts or practices defined
Miss. Code Ann. § 83-5-37— Power of commissioner
Miss. Code Ann. § 83-5-39— Hearings on charges of unfair practices
Miss. Code Ann. § 83-5-41— Cease and desist orders and modifications thereof; administrative fines; funding of agency expenses; deposit of monies into State General Fund
Miss. Code Ann. § 83-5-43— Judicial review of cease and desist orders
Miss. Code Ann. § 83-5-45— Procedure as to unfair methods of competition and unfair practices which are not defined; funding of agency expenses; deposit of monies into State General Fund
Miss. Code Ann. § 83-5-47— Judicial review by intervenor
Miss. Code Ann. § 83-5-49— Penalty for violation of cease and desist order
Miss. Code Ann. § 83-5-51— Provisions cumulative
Miss. Code Ann. § 83-5-53— Blank forms furnished
Miss. Code Ann. § 83-5-55— Annual and quarterly statements to be filed
Miss. Code Ann. § 83-5-57— Reinsurance returns made annually
Miss. Code Ann. § 83-5-59— Statements examined and abstracts published
Miss. Code Ann. § 83-5-61— Certain premiums declared and taxed
Miss. Code Ann. § 83-5-63— Penalty for failure to declare
Miss. Code Ann. § 83-5-65— Books exhibited
Miss. Code Ann. § 83-5-67— License revoked if statement untrue
Miss. Code Ann. § 83-5-69— Penalty for failure to file statements and making false return; funding of agency expenses; deposit of monies into State General Fund
Miss. Code Ann. § 83-5-71— Duration of license
Miss. Code Ann. § 83-5-72— Life, health and accident insurance companies and health maintenance organizations to contribute to Insurance Department Fund; funding of agency expenses; deposit of monies into State General Fund
Miss. Code Ann. § 83-5-73— Fees for commissioner; funding of agency expenses; deposit of monies into State General Fund
Miss. Code Ann. § 83-5-75— Fees of fraternal orders
Miss. Code Ann. § 83-5-77— Publication fees; funding of agency expenses; deposit of monies into State General Fund
Miss. Code Ann. § 83-5-79— Investigation of complaint by citizens
Miss. Code Ann. § 83-5-81— Suit for payment of expense if refused
Miss. Code Ann. § 83-5-83— Refusal to comply; license revoked
Miss. Code Ann. § 83-5-85— General penalty
Miss. Code Ann. § 83-5-87— Contents of residential property insurance policy
Miss. Code Ann. § 83-5-89— Reporting arson incidents; rules and regulations
Miss. Code Ann. § 83-5-91— Health insurance for person called to serve on active military duty by executive order of the President of the United States
Miss. Code Ann. § 83-5-93— Proposing party to provide impact report on legislation to enact mandated health care coverage
Miss. Code Ann. § 83-5-95— Contents of impact report
Miss. Code Ann. § 83-5-101— Audited financial report
Miss. Code Ann. § 83-5-102— Definitions
Miss. Code Ann. § 83-5-103— Content of annual audited financial report
Miss. Code Ann. § 83-5-104— Exemptions
Miss. Code Ann. § 83-5-105— Extensions
Miss. Code Ann. § 83-5-106— Designation of independent certified public accountants
Miss. Code Ann. § 83-5-107— Qualifications of independent certified public accountant
Miss. Code Ann. § 83-5-108— Consolidated or combined audits
Miss. Code Ann. § 83-5-109— Scope of examination and report of independent certified public accountant
Miss. Code Ann. § 83-5-110— Notification of adverse financial condition
Miss. Code Ann. § 83-5-111— Report on significant deficiencies in internal controls
Miss. Code Ann. § 83-5-112— Accountant’s letter of qualifications
Miss. Code Ann. § 83-5-113— Definition, availability and maintenance of certified public accountant work papers
Miss. Code Ann. § 83-5-114— Severability
Miss. Code Ann. § 83-5-115— Authority of Department of Insurance to determine method of calculating values of stocks, bonds and other sureties held by insurer
Miss. Code Ann. § 83-5-117— Methods of valuation which may be used to calculate values of stocks, bonds and other sureties held by insurer
Miss. Code Ann. § 83-5-119— Requirements for audit committees
Miss. Code Ann. § 83-5-120— Internal audit function requirements [Effective January 1, 2020]
Miss. Code Ann. § 83-5-121— Conduct of insurer in connection with the preparation of required reports and documents
Miss. Code Ann. § 83-5-123— Management’s report of internal control over financial reporting
Miss. Code Ann. § 83-5-125— Canadian and British companies
Miss. Code Ann. § 83-5-201— Purpose of sections 83-5-201 through 83-5-217
Miss. Code Ann. § 83-5-203— Definitions
Miss. Code Ann. § 83-5-205— Examination of insurers; examination of foreign or alien insurer; acceptance of examination report prepared by insurance department of another state; financial and market analysis review of all insurers
Miss. Code Ann. § 83-5-207— Appointment of examiners; guidelines and procedures to be followed by examiner; insurers to facilitate examination; penalties for refusal to comply with request of examiner; power of examiners; authority of commissioner to hire examiners; company examined to pay cost of examination; authority of commissioner not limited
Miss. Code Ann. § 83-5-209— Contents of examination report; filing of report; opportunity to respond to report; review of report by and order of commissioner; hearings; confidentiality of examination reports; disclosure of reports
Miss. Code Ann. § 83-5-211— Appointment of examiners
Miss. Code Ann. § 83-5-213— Compensation and expenses of examiner
Miss. Code Ann. § 83-5-215— Reports to be furnished to State Tax Commission; Tax Commission not precluded from performing additional audits
Miss. Code Ann. § 83-5-217— No cause of action against examiners; no cause of action against person providing information to examiner; statutory privilege or immunity not abridged; examiner’s right to award of attorney fees in civil action
Miss. Code Ann. § 83-5-251— Procurer of insurance must have insurable interest; insurable interest defined; insurer reliance on applicant’s representations; insurable interest of charitable, etc. organization
Miss. Code Ann. § 83-5-253— Consent of insured required in certain cases
Miss. Code Ann. § 83-5-255— Enforcement by commissioner
Miss. Code Ann. § 83-5-257— Provisions cumulative of existing statutory and common law
Miss. Code Ann. § 83-5-301— Applicability of Sections 83-5-301 through 83-5-309
Miss. Code Ann. § 83-5-303— Annual filings; hardship exemption; foreign insurers
Miss. Code Ann. § 83-5-305— Civil liability of those dealing with information developed from filings
Miss. Code Ann. § 83-5-307— Confidentiality
Miss. Code Ann. § 83-5-309— Failure to file; revocation, suspension or refusal of certificate of authority
Miss. Code Ann. § 83-5-351— Filing report; disclosure of material acquisitions and dispositions
Miss. Code Ann. § 83-5-353— Reporting of material acquisitions or dispositions of assets
Miss. Code Ann. § 83-5-355— No reporting of nonrenewals; cancellations; or revisions of ceded reinsurance agreements
Miss. Code Ann. § 83-5-357— Promulgation of rules and regulations
Miss. Code Ann. § 83-5-401— Definitions
Miss. Code Ann. § 83-5-403— Filing of RBC report; determination of insurer’s RBC; maintenance of capital above prescribed RBC level; adjustment of report
Miss. Code Ann. § 83-5-405— Procedure upon occurrence of company action level event
Miss. Code Ann. § 83-5-407— Procedure upon occurrence of regulatory action level event
Miss. Code Ann. § 83-5-409— Procedure upon occurrence of authorized control level event
Miss. Code Ann. § 83-5-411— Procedure upon occurrence of mandatory control level event
Miss. Code Ann. § 83-5-413— Hearings
Miss. Code Ann. § 83-5-415— Confidentiality of reports and plans; sharing and using confidential information; publication, dissemination, etc., of information regarding capital level of insurer; rebuttal by insurer of materially false statement regarding capital level; use by commissioner of RBC instructions, reports and plans
Miss. Code Ann. § 83-5-417— Relationship with other laws; promulgation of rules and regulations; exemption of domestic insurers and domestic health organization insurers
Miss. Code Ann. § 83-5-419— Filing of RBC report or plan by foreign insurer
Miss. Code Ann. § 83-5-421— Liability of commissioner, department, employees or agents
Miss. Code Ann. § 83-5-423— Severability of provisions
Miss. Code Ann. § 83-5-425— Effective date of notices
Miss. Code Ann. § 83-5-427— Requirements for RBC reports for certain insurers for 1996; requirements for RBC reports for health organization insurers for 2013
Miss. Code Ann. § 83-5-501— Title
Miss. Code Ann. § 83-5-503— Actuarial opinion of reserves and supporting documentation
Miss. Code Ann. § 83-5-505— Confidentiality
Miss. Code Ann. § 83-5-507— Repealed
Miss. Code Ann. § 83-5-601— Legislative findings and intent
Miss. Code Ann. § 83-5-603— Provider-Sponsored Health Plan defined
Miss. Code Ann. § 83-5-605— Providers of provider-sponsored health plans must meet certain requirements before offering or providing services
Miss. Code Ann. § 83-5-607— Requirements of provider-sponsored health plans
Miss. Code Ann. § 83-5-701— Purpose; relation to other laws; applicability
Miss. Code Ann. § 83-5-703— Definitions
Miss. Code Ann. § 83-5-707— Promulgation of rules, regulations and orders
Miss. Code Ann. § 83-5-711— Confidentiality
Miss. Code Ann. § 83-5-713— NAIC and third-party consultants
Miss. Code Ann. § 83-5-715— Penalties for failure to file
Miss. Code Ann. § 83-5-801— Short title
Miss. Code Ann. § 83-5-801.1— Short title
Miss. Code Ann. § 83-5-803— Article establishes exclusive state standards for data security, investigation of cybersecurity event, and notification to Commissioner of Insurance
Miss. Code Ann. § 83-5-803.1— Article establishes exclusive state standards for data security, investigation of cybersecurity event, and notification to Commissioner of Insurance
Miss. Code Ann. § 83-5-805— Definitions
Miss. Code Ann. § 83-5-805.1— Definitions
Miss. Code Ann. § 83-5-807— Development, implementation and maintenance of information security program
Miss. Code Ann. § 83-5-807.1— Development, implementation and maintenance of information security program
Miss. Code Ann. § 83-5-809— Investigation of cybersecurity event
Miss. Code Ann. § 83-5-809.1— Investigation of cybersecurity event
Miss. Code Ann. § 83-5-811— Notification of cybersecurity event involving nonpublic information; information to be provided; investigation of cybersecurity event in system maintained by third-party service provider
Miss. Code Ann. § 83-5-811.1— Notification of cybersecurity event involving nonpublic information; information to be provided; investigation of cybersecurity event in system maintained by third-party service provider
Miss. Code Ann. § 83-5-813— Power of commissioner to investigate licensee and enforce provisions of this article
Miss. Code Ann. § 83-5-813.1— Power of commissioner to investigate licensee and enforce provisions of this article
Miss. Code Ann. § 83-5-815— Protection of documents, materials and other information
Miss. Code Ann. § 83-5-815.1— Protection of documents, materials and other information
Miss. Code Ann. § 83-5-817— Exemptions
Miss. Code Ann. § 83-5-819— Penalties for violation of article
Miss. Code Ann. § 83-5-819.1— Penalties for violation of article
Miss. Code Ann. § 83-5-821— Regulations
Miss. Code Ann. § 83-5-821.1— Regulations
Miss. Code Ann. § 83-5-823— Severability
Miss. Code Ann. § 83-5-823.1— Severability
Miss. Code Ann. § 83-5-825— Implementation of Section 83-5-807 and Section 83-5-807(6)
Miss. Code Ann. § 83-5-825.1— Implementation of Section 83-5–807 and Section 83-5-807(6)