Department of Insurance

A. All rate filings must provide sufficient actuarial justification for rate variances, premium offsets and premium credits for a named storm deductible or hurricane deductible. B. Insurers must demonstrate that rates are not excessive, inadequate or unfairly discriminatory. C. I…

If any provision of any 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 applica…

The Effective Date of this Regulation shall be July 1, 2014. Insurers must be in full compliance with the provisions of this Regulation by October 1, 2014. Notes 19 Miss. Code. R. 1-41.12 Miss. Code Ann. §§ 25-43-3.113(2)(b)(i); 83-5-1; 83-2-3 (Rev 2011); HB 756, 2014 Regular Ses…

For the premium charged, we will pay only that part of the total of the loss for all Section I Property Coverages that exceeds the Named Storm Deductible noted below: This deductible applies, as described below, in the event of direct physical loss to property covered under this …

For the premium charged, we will pay only that part of the total of the loss for all Section I Property Coverages that exceeds the Hurricane Deductible noted below: This deductible applies, as described below, in the event of direct physical loss to property covered under this po…

This regulation is promulgated pursuant to the authority granted by Senate Bill 2467 which was passed by the Mississippi Legislature in the 2018 Regular Session and 19 Miss. Admin. Code, Part 1, Chapter 15, said Regulation being the Rules of Practice and Procedure before the Miss…

A. Purpose. This regulation is promulgated to provide information to surplus lines insurance producers regarding the collection and remittance of the non-admitted policy fee pursuant to the enactment of Senate Bill 2467. B. Scope. This regulation applies to all single risk surplu…

Senate Bill 2467 amends Section 83-34-4, to require for one (1) year beginning July 1, 2018, that Four Million Five Hundred Thousand Dollars ($4,500,000.00) derived from the non admitted policy fee be deposited into the Rural Fire Truck or Supplementary Rural Fire Truck Fund, and…

A. A clearing house account has been established in Trustmark Bank, entitled the "Non-admitted Policy Fee Account", for which the Mississippi Insurance Department ("MID") shall be the administrator. B. The Mississippi Surplus Lines Association ("MSLA") shall be provided with the …

If any provision of this regulation, or the application thereof 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 t…

This Regulation shall be effective on and after July 1, 2018. Notes 19 Miss. Code. R. 1-42.06 Miss. Code Ann. §§ 25-43-3.112; 83-5-1 (Rev. 2011); SB 2467, 2018 Mississippi Legislature Regular Session Adopted 7/1/2018

This regulation is promulgated pursuant to the authority granted in House Bill 324 which was passed by the Mississippi Legislature in the 2019 Regular Legislative Session and 19 Miss. Admin. Code, Part 1, Chapter 15, said Regulation being the Rules of Practice and Procedure befor…

The purpose of this regulation is to set forth the procedures for filing and the required contents of the Corporate Governance Annual Disclosure (CGAD), deemed necessary by the Commissioner to carry out the provisions of House Bill 324, 2019 Regular Legislative Session. Notes 19 …

A. "Commissioner." The Insurance Commissioner of the State. B. "Insurance group." For the purpose of this Act, the term "insurance group" shall mean those insurers and affiliates included within an insurance holding company system as defined in Miss. Ann. Code § 83-6-1(d) (Rev. 2…

A. An insurer, or the insurance group of which the insurer is a member, required to file a CGAD pursuant to the provisions of House Bill 324, 2019 Regular Legislative Session, shall, no later than June 1 of each calendar year, submit to the Commissioner a CGAD that contains the i…

A. The insurer or insurance group shall be as descriptive as possible in completing the CGAD, with inclusion of attachments or example documents that are used in the governance process, since these may provide a means to demonstrate the strengths of their governance framework and…

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

This regulation shall be effective on and after January 1, 2020. Notes 19 Miss. Code. R. 1-43.07 Miss. Code Ann. §§ 83-5-7-1 through 83-5-717 Adopted 1/1/2020

This Regulation is promulgated by the Commissioner of Insurance pursuant to the authority granted to him by Miss. Code Ann. Sections 83-5-1 and 83-2-1 et seq. (Rev. 2011), as well as the provisions of the Mississippi Insurance Department ("MID") Regulation entitled "Rules of Prac…

The purpose of this Regulation is to implement a more efficient, reasonable and competitive property and casualty insurance market and regulatory environment that benefits Mississippi consumers by establishing a Flexible Rating System applicable to certain lines of business as sp…

The Flexible Rating System set forth in this Regulation shall be allowed for any residential or commercial earthquake policies, residential or commercial flood insurance policies that are not written through the National Flood Insurance Program, commercial liability and cybersecu…

For purposes of this Regulation, the term "Flexible Rating System" shall mean a proposed rate plan filed with MID pursuant to Section 83-2-1 et seq., which allows for an automatic ability on the part of the insurer to raise in the aggregate or lower in the aggregate rates by 15% …

A Flexible Rating System filing made pursuant to this Regulation shall be in compliance with all applicable provisions in Section 83-2-1 et seq., and shall include the rate, rating plans and rating systems used by the insurer. Supporting actuarial data shall accompany every filin…

An insurer shall notify MID of any change in rates implemented under the Flexible Rating System within thirty (30) days after the effective date of the change. The notice must include the name of the insurer and the average percentage change in rates statewide and by zone or terr…

With respect to policy form filings for coverages subject to this Regulation, insurers must comply with Section 83-2-7 prior to the use of any policy form. Notes 19 Miss. Code. R. 1-45.07 Miss. Code Ann. Sections 83-5-1; 83-2-7 (Rev. 2011). Amended 10/3/2021

Insurers are still allowed to follow established procedures allowing for a debit or credit to be recognized regarding the special characteristics of an individual commercial risk which may not fully be reflected in the basic company premium or rates. Filings of this nature are di…

If any provision of any 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 applica…

The effective date of this Regulation shall be thirty days after filing for final adoption with the Office of the Secretary of State. Filings made on and after this date may contain a Flexible Rating System component. Notes 19 Miss. Code. R. 1-45.10 Miss. Code Ann. Sections 25-43…

WHEREAS, it has come to the attention of the Department that an excessive number of insureds are faced with cancellation or rejection of insurance because of unfavorable information reflecting prior cancellation by another company; and WHEREAS, a substantial number of such prior …

We have noted from the newspapers that automobile dealers continue to advertise free insurance in connection with the sale of automobiles. As you are aware, there is no such thing as free insurance in Mississippi and any advertising to the contrary is misleading and a violation o…

In the past the coverage as captioned above has been treated subject to Section 5834-03(e) of the Mississippi Code of 1942, Annotated and Recompiled and which we quote: "If the commission in its discretion shall determine that a filing is impractical or unnecessary as to a kind, …

At a recent scheduled meeting of the Mississippi Insurance Commission, the above subject was discussed in detail and we now take this manner of informing you of the procedure to be followed in this state in the future concerning the writing of this coverage. All licensed companie…

No rating organization, insurer or group of insurers that transact an insurance business in this State shall file with this Commission any rate schedule, or rate revision, which does not reflect, to the extent prescribed hereinbelow, the investment income of each insurer whose ex…

For the purposes of this Regulation, the rate of investment income shall mean the quotient of (1) the net investment gain or loss as shown on line 9A of the Underwriting and Investment exhibit on Page 4, of the appropriate Annual Statement, divided by (2) the cash and invested as…

The amount of investment income allocated to a rate filing shall be determined by multiplying the rate of investment income as determined hereinabove by the sum of (1) reduced by the allowances for acquisition costs, general expense, and taxes in the formula for the premiums whic…

The purpose of this Regulation is to establish the minimum educational and training standards for, and the process for the certification of, fire personnel in the State of Mississippi. Notes 19 Miss. Code. R. 101-1.01 Miss. Code § 45-11-253 (Supp. 2020) Amended 1/1/2015 Amended 2…

This Regulation is promulgated in accordance with the authority granted by the Legislature to the Minimum Standards and Certification Board (hereinafter "MSCB" or "Board") pursuant to Miss. Code §§ 45-11-251 and 45-11-253. Notes 19 Miss. Code. R. 101-1.02 Miss. Code § 45-11-253 (…

In accordance with Miss. Code § 45-11-253(b), the term "certify" shall imply the testing of an individual candidate's knowledge and skill or the review of their training and education credentials through a standardized process of evaluation and approval. As such, the minimum stan…

The requirement for MSCB certification applies to Mississippi fire personnel employed after January 1, 1991 in a full-time or less than full time capacity by a local governmental fire-fighting unit and working in a cumulative time of two thousand eight hundred (2800) compensated …

In accordance with Miss. Code § 45-11-203, fire personnel eligible for MSCB certification must complete all certification requirements within one (1) year from their original date of hire. Under extraordinary circumstances, the MSCB may grant an extension of one (1) additional ye…

In lieu of MSCB administered testing, the Board shall recognize all accredited NFPA-based Fire Fighter I and II certificates issued by the Mississippi Fire Academy after September 1, 2005 as being equivalent to the MSCB certification requirements. Furthermore, the MSCB shall util…

All Mississippi fire personnel eligible for state certification must meet the following criteria by the starting date of any MSCB approved minimum standard certification-training program: 1. Be a minimum of eighteen (18) years of age; 2. Have obtained a standard high school diplo…

In accordance with Miss. Code § 45-11-253(b), the MSCB may grant certification based on a review of an individual's training and education credentials through a standardized process of evaluation and approval. Should such documentation demonstrate that the training and education …

A. In accordance with Miss. Code § 45-11-253(b), the MSCB may grant reciprocity to Mississippi fire fighters who possess valid certification credentials issued by other approved fire service training entities. Such reciprocity may allow direct entry into the MSCB certification sy…

Certifications issued by the MSCB shall remain valid for the life of the individual provided there is not a break in service with a fire service agency for a period greater than two (2) years. In cases where a certified individual separates from a local fire-fighting unit and doe…

In regards to fire fighter certification in Mississippi, there are two primary documents that fire personnel may possess. The successful completion of fire fighter training and testing in accordance with NFPA Fire Fighter 1001 Standard Level I and II is noted by a certificate iss…

The act of certification is based upon the testing of an individual candidate's knowledge and skill or the review of their training and credentials through a standardized process of evaluation and approval. As such, the individual effort required to meet a given standard will be …