Department of Insurance

A. Written Contracts - all contracts shall be in writing, signed by the insured and the public adjuster who solicits the contract, and a copy of the contract shall be provided to the insured upon execution. Furthermore, all contracts must meet the following requirements: 1. A pub…

If any section or portion of a section of this Regulation or the application thereof is held by a court to be invalid, such invalidity shall not affect any other provision of that section or application of the Regulation which can be given effect without the invalid provision or …

The Effective Date of this Regulation shall be July 1, 2007. Notes 19 Miss. Code. R. 1-36.12 Miss. Code Ann. § 25-43-3.113 (Rev. 2010)

SURETY BOND FOR PUBLIC ADJUSTER FILED WITH THE MISSISSIPPI INSURANCE DEPARTMENT STATE OF ____________________ COUNTY OF ____________________ This form shall not be altered in any way. Part 1: Bond, Surety and Principal. Bond #: Original Bond Date of Issuance: If a Continuation Bo…

PUBLIC ADJUSTER CONTRACT The contract must be in writing and contain the following: A. Name and address of the adjuster and the insured; B. The home state of the adjuster; C. MS Department of Insurance license number; D. Insured's insurance company and policy number; E. Descripti…

A. The purpose of this regulation is to set forth standards to protect active duty service members of the United States Armed Forces from dishonest and predatory insurance sales practices by declaring certain identified practices to be false, misleading, deceptive or unfair. B. N…

This regulation shall apply only to the solicitation or sale of any life insurance or annuity product by an insurer or insurance producer to an active duty service member of the United States Armed Forces. Notes 19 Miss. Code. R. 1-37.02 Miss. Code Ann. § 83-5-29 (Rev. 2011)…

This regulation is issued under the authority of Mississippi Code Ann. 83-5-29 through 83-5-51. Notes 19 Miss. Code. R. 1-37.03 Miss. Code Ann. § 83-5-29 (Rev. 2011)

A. This regulation shall not apply to solicitations or sales involving:1. Credit insurance; 2. Group life insurance or group annuities where there is no in-person, face-to-face solicitation of individuals by an insurance producer or where the contract or certificate does not incl…

A. "Active Duty" means full-time duty in the active military service of the United States and includes members of the reserve component (National Guard and Reserve) while serving under published orders for active duty or full-time training. The term does not include members of th…

A. The following acts or practices when committed on a military installation by an insurer or insurance producer with respect to the in-person, face-to-face solicitation of life insurance are declared to be false, misleading, deceptive or unfair: 1. Knowingly soliciting the purch…

A. The following acts or practices by an insurer or insurance producer constitute corrupt practices, improper influences or inducements and are declared to be false, misleading, deceptive or unfair:1. Submitting, processing or assisting in the submission or processing of any allo…

If any provision of these sections or the application thereof to any person or circumstance is held invalid for any reason, the invalidity shall not affect the other provisions or any other application of these sections which can be given effect without the invalid provisions or …

Upon adoption of Regulation 2008-1, Regulation 2007-5 shall be repealed. Notes 19 Miss. Code. R. 1-37.09 Miss. Code Ann. § 83-5-29 (Rev. 2011)

This regulation shall become effective June 1, 2008 and shall apply to acts or practices committed on or after the effective date. Notes 19 Miss. Code. R. 1-37.10 Miss. Code Ann. § 25-43-3.113 (Rev. 2010)

The Mississippi Department of Insurance has seen a dramatic increase in the number of filings made in the life, annuity, and accident and health arena. These filings are becoming more complex thereby requiring a more detailed analysis. Due to the complexity of these filings, more…

This Regulation is promulgated by the Commissioner of Insurance as required pursuant to the provisions of Senate Bill 2502, 2008 Regular Session, as approved by the Governor of Mississippi, as well as the provisions of Mississippi Department of Insurance Regulation No. 88-101, sa…

All companies licensed to write life, credit life, annuity, and accident and health contracts in Mississippi shall have the option of electing the expedited review process, and paying the actuarial fees associated with the review and approval of said forms. Notes 19 Miss. Code. R…

All companies licensed to write life, credit life, annuity, and accident and health contracts in Mississippi have the option of electing the following procedure for the review and approval of each form and/or rate submitted: A. Form Filings. All companies will continue to make th…

The Expedited Review Filing Procedure set forth in this Regulation is an optional service being offered by the Mississippi Department of Insurance in an effort to expedite form and rate filing review and approval. Companies may forego the expedited review and approval process and…

If any section or portion of a section of this Regulation or the application thereof is held by a court to be invalid, such invalidity shall not affect any other provision of that section or application of the Regulation which can be given effect without the invalid provision or …

The Effective Date of this Regulation shall be August 1, 2008. Notes 19 Miss. Code. R. 1-38.07 Miss. Code Ann. § 25-43-3.113 (Rev. 2010)

EXHIBIT A MISSISSIPPI DEPARTMENT OF INSURANCE EXPEDITED REVIEW FILING ELECTION FORM Company Name: ________________________________________________ Form Filing SERFF Number: ______________________________________ Check One: ______________ I elect to use the expedited for filing pr…

EXHIBIT B MISSISSIPPI PRODUCT AND RATE FILING FEE SCHEDULE Effective June 1, 2017 Filing Rating Classifications: 5 - Extremely High Degree of Analysis - $1,100 4 - Medium High Degree of Analysis - $825 3 - Average Degree of Analysis - $550 2 - Medium Low Degree of Analysis - $275…

This Regulation is promulgated by the Commissioner of Insurance pursuant to Miss. Code Ann. §§ 83-1-29; 83-1-155; 83-5-17; 83-6-37; 83-7-43; 83-19-31; 83-21-13; 83-23-1; 83-30-59; 83-30-61; 83-41-339; 83-41-341; 83-41-343; 83-24-1 et seq., and any other section where the term "ha…

The purpose of this regulation is to set forth the standards which the Commissioner may use for identifying insurers found to be in such condition as to render the continuance of their business hazardous to their policyholders, creditors or the general public. This regulation sha…

The following standards, either singly or a combination of two or more, may be considered by the Commissioner to determine whether the continued operation of any insurer transacting an insurance business in this State might be deemed to be hazardous to its policyholders, creditor…

A. For the purposes of making a determination of an insurer's financial condition under this regulation, the Commissioner may:1. Disregard any credit or amount receivable resulting from transactions with a reinsurer that is insolvent, impaired or otherwise subject to a delinquenc…

Any order or decision of the Commissioner may be appealed at the instance of any party to the proceedings whose interests are substantially affected to the Chancery Court of the First Judicial District of Hinds County, Mississippi, in the manner provided by law. Notes 19 Miss. Co…

If any section or portion of a section of this regulation or the application thereof is held by a court to be invalid, such invalidity shall not affect any other provision of that section or application of the regulation which can be given effect without the invalid provision or …

Regulation 91-101 is hereby repealed and replaced by this regulation. Notes 19 Miss. Code. R. 1-39.07 Miss. Code Ann. § 83-5-1 (Rev. 2011)

The effective date of this regulation shall be August 1, 2009. Notes 19 Miss. Code. R. 1-39.08 Miss. Code Ann. § 25-43-3.113 (Rev. 2010)

Numerous complaints have reached this office recently relative to agents selling or promoting stock sales along with sale of insurance policies. Such a practice is in violation of Section 5639, sub-section (d) of the Mississippi Code of 1942, Annotated. Recognizing the difficulty…

This regulation is promulgated by the Commissioner of Insurance (hereinafter "Commissioner") pursuant to the authority granted to him by Miss. Code Ann. § 71-3-121 (Rev. 2000). Notes 19 Miss. Code. R. 1-40.01 Miss. Code Ann. § 71-3-121 (Rev. 2011)

The purpose of this Regulation is to implement the requirements of Miss. Code Ann. § 71-3-121 (Rev. 2000). Notes 19 Miss. Code. R. 1-40.02 Miss. Code Ann. § 71-3-121 (Rev. 2011)

This Regulation shall apply to all insurance companies authorized in this state to provide coverage for an employer's liability for injuries, disability or death to persons in their employment, without regard to fault, as prescribed by state worker's compensation laws. Notes 19 M…

For the purposes of this Regulation, the definitions found in Miss. Code Ann. §§ 71-3-3 and 71-7-1, as they may be amended from time to time, will control. Notes 19 Miss. Code. R. 1-40.04 Miss. Code Ann. § 71-3-121 (Rev. 2011)

A. Every insurer shall establish a safety program for the health and benefit of the employees of its insureds. An insurer may use any reasonable methods to notify its insureds of the availability of the materials that comprise its program, and deliver those materials upon the req…

Within 120 days of the effective date of this Regulation, each insurer shall file a copy of its safety program with the Commissioner of Insurance, for informational purposes only, in order to verify compliance with this regulation. Notes 19 Miss. Code. R. 1-40.06 Miss. Code Ann. …

If any section or portion of a section of this Regulation or the application thereof is held by a court to be invalid, such invalidity shall not affect any other provision of that section or application of the Regulation which can be given effect without the invalid provision or …

This Regulation shall become effective upon adoption. Notes 19 Miss. Code. R. 1-40.08 Miss. Code Ann. § 25-43-3.113 (Rev. 2010)

This Regulation is promulgated by the Commissioner of Insurance pursuant to the authority granted to him by Miss. Code Ann. § 83-5-1 and Miss. Code Ann. § 83-2-3 as amended by House Bill 756, 2014 Regular Session, as well as the provisions of the Mississippi Department of Insuran…

The purpose of this Regulation is to implement the provisions contained in House Bill 756, 2014 Regular Session. This Regulation applies to homeowners' insurance policies written by admitted carriers in this state that contain a named storm deductible or a hurricane deductible. T…

For the purposes of this Regulation, the following definitions shall apply: A. "Deductible" shall mean a policy provision that requires the insured to be responsible for a specific amount or percentage of a loss or the percentage of insured value on the policy and the insurer to …

Insurers are not required to include a named storm deductible or a hurricane deductible in a homeowners' insurance policy. However, should an insurer include a named storm deductible or a hurricane deductible in their policy filing, the insurer must comply with the provisions set…

If a homeowners' policy includes a percentage named storm deductible or a percentage hurricane deductible, the insurer shall offer a buy-back provision that is actuarially sound; however the Commissioner of Insurance may grant a waiver from the mandatory buy-back provision in acc…

Any homeowners' insurance policy or endorsement that includes a named storm deductible must include the following language in the policy: A. Definition of Named Storm - the policy must define a named storm as set forth in the definition found at Rule 41.03(G) of this Regulation. …