Department of Insurance

A. An advertisement for the purpose of these rules shall include: 1. printed and published material, audio visual material and descriptive literature used by or on behalf of an insurer in direct mail, newspapers, magazines, radio scripts, TV scripts, billboards and similar displa…

All information required to be disclosed by these rules shall be set out conspicuously and in close conjunction with the statements to which such information relates or under appropriate captions of such prominence that it shall not be minimized, rendered obscure or presented in …

A. The format and content of a Medicare supplement insurance advertisement shall be sufficiently complete and clear to avoid deception or the capacity or tendency to mislead or deceive. Whether an advertisement has a capacity or tendency to mislead or deceive shall be determined …

A. Deceptive Words, Phrases or Illustrations Prohibited 1. No advertisement shall omit information or use words, phrases, statements, references or illustrations if the omission of such information or use of such words, phrases, statements, references or illustrations has the cap…

An advertisement which is an invitation to contract shall disclose the provisions relating to renewability, cancellability and termination and any modification of benefits, losses covered or premiums because of age or for other reasons, in a manner which shall not minimize or ren…

A. Testimonials and endorsements used in advertisements must be genuine, represent the current opinion of the author, be applicable to the policy advertised and be accurately reproduced. The insurer, in using a testimonial or endorsement, makes as its own all of the statement con…

A. An advertisement relating to the dollar amounts of claims paid, the number of persons insured, or similar statistical information relating to any insurer or policy shall not use irrelevant facts, and shall not be used unless it accurately reflects all of the relevant facts. Su…

An advertisement shall not directly or indirectly make unfair or incomplete comparisons of policies or benefits or comparisons of non-comparable policies of other insurers, and shall not disparage competitors, their policies, services or business methods, and shall not disparage …

A. An advertisement which is intended to be seen or heard beyond the limits of the jurisdiction in which the insurer is licensed shall not imply licensing beyond those limits. B. An advertisement shall not create the impression directly or indirectly that the insurer, its financi…

A. The name of the actual insurer shall be stated in all of its advertisements. The form number or numbers of the policy advertised shall be state in an advertisement which is an invitation to contract. An advertisement shall not use a trade name, any insurance group designation,…

A. An advertisement of a particular policy shall not state or imply that prospective insureds become group or quasi-group members covered under a group policy and as such enjoy special rates or underwriting privileges, unless such is the fact. B. This rule prohibits the solicitat…

A. Offers 1. An advertisement of an individual policy shall not directly or by implication represent that a contract or combination of contracts is an introductory, initial or special offer, or that applicants will receive substantial advantages not available at a later date, or …

An advertisement shall not contain statements which are untrue in fact, or by implication misleading, with respect to the assets, corporate structure, financial standing, age or relative position of the insurer in the insurance business. An advertisement shall not contain a recom…

A. Advertising File: Each insurer shall maintain at its home or principal office a complete file containing every printed, published or prepared advertisement of its individual policies and typical printed, published or prepared advertisements of its blanket, franchise and group …

If any section or portion of a section of these rules, or the applicability thereof to any person or circumstance is held invalid by a court, the remainder of the rules, or the applicability of such provision to other persons or circumstances, shall not be affected thereby. Notes…

Every insurer, health care service plan or other entity providing Medicare supplement insurance or benefits in this State shall provide a copy of any Medicare supplement advertisement intended for use in this State whether through written, radio or television medium to the Commis…

A. Guideline 1 Disclosure is one of the principal objectives of the rules and this section states specifically that the rules shall assure truthful and adequate disclosure of all material and relevant information. The rules specifically prohibit some previous advertising techniqu…

The purpose of this regulation is to identify prohibited activities, which, when take in conjunction with another specific existing relationship, such as a lease, between a lending institution and/or insurance companies, agents, agencies or representatives of same, would violate …

This regulation is issued pursuant to the authority vested in the Commissioner of Insurance of the State of Mississippi under Miss. Code Ann. Sections 83-5-29 through 83-5-51, 83-17-7, as Amended, 83-17-231 and other applicable provisions of the Mississippi Insurance Laws and is …

For the purposes of this regulation, unless the context otherwise requires: A. "Agent" means an "insurance agent" as defined in Miss. Code Ann. Sections 83-17-1, 83-17-101 and 83-17-203(1972). B. "Insurance Company" means any company which is subject to the jurisdiction of the Mi…

No insurance company, agent, agency or representative of same, shall enter into any contract, lease or other agreement with a lending institution which results in: A. any activity reasonably leading a person to believe that his credit-worthiness, or that extension of credit or re…

The direct or indirect solicitation or transaction of insurance business by an insurance company, agent, agency or representative of same, shall be restricted to the leased area. Accordingly, any insurance company, agent, agency or representative of same, entering into any contra…

Any advertisement, promotional material, sales literature or public announcement of insurance products must be filed with the Mississippi Insurance Department at least thirty (30) days prior to distribution or announcement. If, within thirty (30) days after filing, the Commission…

If any provision of any section of this regulation or the application thereof to any circumstance or insurance company, agent, agency or representative of same, nor any other person or entity, is held invalid, such invalidity shall not affect any other provision of that section o…

This Regulation is promulgated by the Commissioner of Insurance pursuant to authority granted by Mississippi Code of 1972, Annotated, Title 83, Chapter 53, Section 25(4) and Mississippi Code of 1972, Annotated, Title 83, Chapter 53, Section 29 and in accordance with the Mississip…

Mississippi Code of 1972, Annotated, Title 83, Chapter 53, Section 25(1) provides that "no one shall pay, accrue, credit or otherwise allow, either directly or indirectly, any compensation to any creditor, person, partnership, corporation, association or other entity in connectio…

Terms used herein shall be defined as follows: A. "Creditor" shall mean a creditor as defined in Mississippi Code of 1972, Annotated, Title 83, Chapter 53, Section 3(2)(d), any person or entity licensed as an agent to write credit insurance and any person, partnership, corporatio…

This Regulation shall apply to all insurers engaged in the business of writing credit insurance and the shareholders thereof, all credit insurance holding companies and the shareholders thereof, and all creditors. Notes 19 Miss. Code. R. 1-18.04 Miss. Code Ann. §§ 83-53-1; 83-5-3…

A. Insurers engaged in credit insurance operations and credit insurance holding companies affiliated in any way with any such insurer, may make corporate allocations for or to the benefit of any class or series of stock or other equity interest in such insurer or credit insurance…

Compensating balances and special deposit accounts by an insurer with a creditor through which the insurer issues credit insurance are to be considered in violation of Title 83, Chapter 53, Section 25(1) of the in Mississippi Code of 1972, Annotated. This prohibition applies rega…

If any provision of any section of this Regulation or the application thereof to any circumstance or person or entity is held invalid by any court, such invalidity shall not affect any other provision of that section or application of the Regulation which can be given effect with…

This Regulation shall become effective April 1, 1990. Notes 19 Miss. Code. R. 1-18.08 Miss. Code Ann. § 25-43-3.113(2010)

This Regulation is adopted and promulgated by the Commissioner of Insurance pursuant to Miss. Code Ann. §§ 83-1-29, 83-1-165, 83-5-1, 83-6-31 and 83-19-157, and in accordance with the provisions of Miss. Code Ann. Chapter 43, Title 25, and Mississippi Insurance Department Regulat…

A. The Mississippi Insurance Department recognizes that licensed insurers routinely enter into reinsurance agreements that yield legitimate relief to the ceding insurer from strain to surplus. B. However, it is improper for a licensed insurer, in the capacity of ceding insurer, t…

This regulation shall apply to all domestic life and accident and health insurers and to all other licensed life and accident and health insurers which are not subject to a substantially similar regulation in their domiciliary state. This regulation shall also similarly apply to …

A. No insurer subject to this regulation shall, for reinsurance ceded, reduce any liability or establish any asset in any financial statement filed with the Department if, by the terms of the reinsurance agreement, in substance or effect, any of the following conditions exist:1. …

A. No reinsurance agreement or amendment to any agreement may be used to reduce any liability or to establish any asset in any financial statement filed with the Department, unless the agreement, amendment or a binding letter of intent has been duly executed by both parties no la…

Insurers subject to this regulation shall reduce to zero by December 31, 1996 any reserve credits or assets established with respect to reinsurance agreements entered into prior to the effective date of this regulation which, under the provisions of this regulation would not be e…

This regulation shall become effective December 31, 1996 and after filing with the office of the Secretary of State. Notes 19 Miss. Code. R. 1-19.07 Miss. Code Ann. § 25-43-3.106 (Rev. 2010)

No agent shall use his or her insurance business to promote any other business either directly or indirectly by including policies of insurance with sales of other items, either gratis or at a reduced premium. Any such related transaction shall be considered rebating and any publ…

This regulation is adopted and promulgated pursuant to the authority granted by Miss. Code Ann. Section 83-6-31(1972), and in accordance with the provisions of Miss Code Ann. Chapter 43, Title 25, and the Mississippi Insurance Department Regulation 19 Miss. Admin. Code, Part 1, C…

The purpose of this regulation is to set forth rules and procedural requirements which the Commissioner deems necessary to carry out the provisions of the Insurance Holding Company System Regulatory Act, Miss. Code Ann. Section 83-6-1 et seq. ( Supp. 2013), hereinafter referred t…

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…

A. Forms A, B, C, D, E and F are intended to be guides in the preparation of the statements required by Sections 83-6-24, 83-6-5, 83-6-21, and 83-6-24 of the Act. They are not intended to be blank forms which are to be filled in. These statements filed shall contain the numbers a…

A. Information required by any item of Form A, Form B, Form C, Form D, Form E or Form F may be incorporated by reference in answer or partial answer to any other item. Information contained in any financial statement, annual report, proxy statement, statement filed with a governm…

If it is impractical to furnish any required information, document or report at the time it is required to be filed, there may be filed with the Commissioner as a separate document a statement: A. Identifying the information, document or report in question; B. Stating why the fil…

In addition to the information expressly required to be included in Form A, Form B, Form C, Form D, Form E and Form F, there shall be added such further material information, if any, as may be necessary to make the information contained therein not misleading. The person filing m…