Department of Insurance

The applicant shall promptly advise the Commissioner of any changes in the information so furnished on Form A arising subsequent to the date upon which such information was furnished but prior to the Commissioner's disposition of the application. Notes 19 Miss. Code. R. 1-20.11 M…

If the person being acquired is deemed to be a "domestic insurer" solely because of the provisions of Section 83-6-24 of the Act, the name of the domestic insurer on the cover page should be indicated as follows: "ABC Insurance Company, a subsidiary of XYZ Holding Company". Where…

If a domestic insurer, including any person controlling domestic insurer, is proposing a merger or acquisition pursuant to Section 83-6-24(1) of the Act, that person shall file a pre-acquisition notification form, Form E, which was developed pursuant to Section 83-6-24 of the Act…

An insurer required to file a registration statement pursuant to Section 83-6-5 of the Act shall file such statement on an annual basis and shall furnish the required information on Form B, hereby made a part of this regulation. Notes 19 Miss. Code. R. 1-20.14 Miss. Code Ann. §§ …

An insurer required to file an annual registration statement pursuant to Section 83-6-3 is also required to furnish information required on Form C, hereby made a part of these regulations. An insurer shall file a copy of Form C in each state in which the insurer is authorized to …

A. An amendment to Form B shall be filed within 15 days after the end of any month in which there is a material change to the information provided in the annual registration statement. B. Amendments shall be filed in the Form B format with only those items which are being amended…

A. Any authorized insurer may file a registration statement on behalf of any affiliated insurer or insurers which are required to register under Section 83-6-3 of the Act. A registration statement may include information not required by the Act regarding any insurer in the insura…

A. A disclaimer of affiliation or a request for termination of registration claiming that a person does not, or will not upon the taking of some proposed action, control another person (hereinafter referred to as the "subject") shall contain the following information: 1. the numb…

A. An insurer required to give notice of a proposed transaction pursuant to Section 83-6-21 of the Act shall furnish the required information on Form D, hereby made a part of this regulation. B. Agreements for cost sharing services and management services shall at a minimum and a…

The ultimate controlling person of an insurer required to file an enterprise risk report pursuant to Section 83-6-5(5) of the Act shall furnish the required information on Form F, hereby made a part of these regulations. Notes 19 Miss. Code. R. 1-20.20 Miss. Code Ann. §§ 83-6-5; …

A. Requests for approval of extraordinary dividends or any other extraordinary distribution to shareholders shall include the following: 1. The amount of the proposed dividend; 2. The date established for payment of the dividend; 3. A statement as to whether the dividend is to be…

The factors set forth in Section 83-6-23 of the Act are not intended to be an exhaustive list. In determining the adequacy and reasonableness of an insurer's surplus no single factor is necessarily controlling. The Commissioner, instead, will consider the net effect of all of the…

This Regulation, as amended, shall be effective on and after July 1, 2017. Notes 19 Miss. Code. R. 1-20.23 Miss. Code Ann. §§ 25-43-3.112; 83-5-1 (Rev. 2011) Amended 12/7/2014 Amended 7/1/2017

FORM D PRIOR NOTICE OF A TRANSACTION Filed with the Insurance Department of the State of ____________________ BY __________________________________________ (Name of Registrant) On Behalf of Following Insurance Companies Name Address _______________________________________________…

FORM A STATEMENT REGARDING THE ACQUISITION OF CONTROL OF OR MERGER WITH A DOMESTIC INSURER ____________________________________ Name of Domestic Insurer BY ____________________________________ Name of Acquiring Person (Applicant) Filed with the Insurance Department of ___________…

FORM B INSURANCE HOLDING COMPANY SYSTEM ANNUAL REGISTRATION STATEMENT Filed with the Insurance Department of the State of ____________________ BY __________________________ (Name of Registrant) On Behalf of Following Insurance Companies: Name Address _____________________________…

FORM C SUMMARY OF REGISTRATION STATEMENT Filed with the Insurance Department of the State of ____________________ BY __________________________ (Name of Registrant) On Behalf of Following Insurance Companies Name Address ___________________________________________________________…

FORM D PRIOR NOTICE OF A TRANSACTION Filed with the Insurance Department of the State of ____________________ BY __________________________________________ (Name of Registrant) On Behalf of Following Insurance Companies Name Address _______________________________________________…

FORM E PRE-ACQUISITION NOTIFICATION FORM REGARDING THE POTENTIAL COMPETITIVE IMPACT OF A PROPOSED MERGER OR ACQUISITION BY A NON-DOMICILIARY INSURER DOING BUSINESS IN THIS STATE OR BY A DOMESTIC INSURER ______________________________ Name of Applicant ____________________________…

FORM F ENTERPRISE RISK REPORT Filed with the Insurance Department of the State of _________________________ By ____________________________________ Name of Registrant/Applicant On Behalf of/Related to Following Insurance Companies Name Address ____________________________________…

This Regulation is promulgated by the Commissioner of Insurance pursuant to the authority granted to him by Miss. Code Ann. §§ 83-5-1 and 83-23-217 (Rev. 1991), and is promulgated in accordance with Mississippi Insurance Department Regulation No. 88-101, said regulation being the…

The purpose of this Regulation is to prescribe the form of the certificate of contribution to be issued by the Mississippi Life and Health Insurance Guaranty Association to each member insurer paying a Class B assessment to the Mississippi Life and Health Insurance Guaranty Assoc…

A. "Class B assessment" shall mean assessments by the Mississippi Life and Health Insurance Guaranty Association made to the extent necessary to carry out the powers and duties of the Mississippi Life and Health Insurance Guaranty Association under Miss. Code Ann. § 83-23-215 (Re…

The Mississippi Life and Health Insurance Guaranty Association shall issue to each member insurer paying a Class B assessment to the Mississippi Life and Health Insurance Guaranty Association a certificate of contribution for the amount of the assessment so paid. Such certificate…

A certificate of contribution may be shown by a member insurer in its statutory financial statement as an admitted asset in such form and for such amount, if any, and period of time as the commissioner may by order approve, provided, that a member insurer shall in any event at it…

If any provision of any section of this Regulation or the application thereof to any circumstance or person or entity is held invalid, such invalidity shall not affect any other provision of that section or application of the Regulation which can be given effect without the inval…

This Regulation shall become effective December 31, 1994. Notes 19 Miss. Code. R. 1-21.07 Miss. Code Ann. § 25-43-3.106 (Rev. 2010)

This Regulation is promulgated to the authority granted by Miss. Code Ann. § 83- 19-157. Notes 19 Miss. Code. R. 1-22.01 Miss. Code Ann. § 83-19-157 (Rev. 2011) Amended 7/1/2017 Amended 1/1/2021

The purpose of this regulation is to set forth rules and procedural requirements which the commissioner deems necessary to carry out the provisions of law on Credit for Reinsurance, Miss. Code Ann. § 83-19-151 ("the Act"). The actions and information required by this regulation a…

If any provision of this regulation, or their application to any person or circumstance, is held invalid, such determination shall not affect other provisions or applications of this regulation which can be given effect without the invalid provision or application, and to that en…

Pursuant to Miss. Code Ann. § 83-19-151(a), the commissioner shall allow credit for reinsurance ceded by a domestic insurer to assuming insurers which were licensed in this state as of the date on which statutory financial statement credit for reinsurance is claimed. Notes 19 Mis…

A. Pursuant to Miss. Code Ann. § 83-19-151(b), the commissioner shall allow credit for reinsurance ceded by a domestic insurer to an assuming insurer which is accredited as a reinsurer in this state as of the date on which statutory financial statement credit for reinsurance is c…

A. Pursuant to Miss. Code Ann. § 83-19-151(c) the commissioner shall allow credit for reinsurance ceded by a domestic insurer to an assuming insurer as of any date on which statutory financial statement credit for reinsurance is claimed: 1. Is domiciled and licensed in (or, in th…

A. Pursuant to Miss. Code Ann. § 83-19-151(d), the commissioner shall allow credit for reinsurance ceded by a domestic insurer to an assuming insurer which, as of any date on which statutory financial statement credit for reinsurance is claimed, and thereafter for so long as cred…

Pursuant to Miss. Code Ann. § 83-19-151(e), the commissioner shall allow credit for reinsurance ceded by a domestic insurer to an assuming insurer that has been certified as a reinsurer in this state at all times for which statutory financial statement credit for reinsurance is c…

A. Pursuant to Miss. Code Ann. § 83-19-151(f), the commissioner shall allow credit for reinsurance ceded by a domestic insurer to an assuming insurer that is licensed to write reinsurance by and has its head office or is domiciled in a Reciprocal Jurisdiction, and which meets the…

Pursuant to Miss. Code Ann. § 83-19-151(g), the commissioner shall allow credit for reinsurance ceded by a domestic insurer to an assuming insurer not meeting the requirements of Miss. Code Ann. §§ 83-19-151(a), (b), (c), (d), (e), or (f) but only as to the insurance of risks loc…

A. Pursuant to Miss. Code Ann. § 83-19-153, the commissioner shall allow a reduction from liability for reinsurance ceded by a domestic insurer to an assuming insurer not meeting the requirements of Miss. Code Ann. § 83-19-151 in an amount not exceeding the liabilities carried by…

A. As used in this section: 1. "Beneficiary" means the entity for whose sole benefit the trust has been established and any successor of the beneficiary by operation of law. If a court of law appoints a successor in interest to the named beneficiary, then the name beneficiary inc…

A. The letter of credit must be clean, irrevocable and unconditional and issued or confirmed by a qualified United States financial institution as defined in Miss. Code Ann. § 83-19-155(a). The letter of credit shall contain an issue date and date of expiration and shall stipulat…

A ceding insurer may take credit for unencumbered funds withheld by the ceding insurer in the United States subject to withdrawal solely by the ceding insurer and under its exclusive control. Notes 19 Miss. Code. R. 1-22.14 Miss. Code Ann. § 83-19-157 (Rev. 2011) Amended 7/1/2017…

Credit will not be granted to a ceding insurer for reinsurance effected with assuming insurers meeting the requirements of Rules 22.04, 22.05. 22.06, 22.07, 22.08, 22.09 or 22.11 of this regulation or otherwise in compliance with Miss. Code Ann. § 83-19-151 after the adoption of …

All new and renewal reinsurance transactions entered into on or after July 1, 2017, shall conform to the requirements of the Act and this Regulation, as amended, if credit is to be given to the ceding insurer for such reinsurance. Notes 19 Miss. Code. R. 1-22.16 Miss. Code Ann. §…

Click Here To View Image Notes 19 Miss. Code. R. 1-22.17 Miss. Code Ann. § 83-19-157 (Rev. 2011) Amended 7/1/2017 Amended 1/1/2021

Click Here To View Image Click Here To View Image Notes 19 Miss. Code. R. 1-22.18 Miss. Code Ann. § 83-19-157 (Rev. 2011) Amended 7/1/2017 Amended 1/1/2021

Click Here To View Image Notes 19 Miss. Code. R. 1-22.19 Miss. Code Ann. § 83-19-157 (Rev. 2011) Amended 7/1/2017 Amended 1/1/2021

Form CR-F - PART 1 Assumed Reinsurance as of December 31, Current Year (000 Omitted) Click Here To View Image Form CR-F - PART 2 Ceded Reinsurance as of December 31, Current Year (000 Omitted) Click Here To View Image Notes 19 Miss. Code. R. 1-22.20 Miss. Code Ann. § 83-19-157 (R…