When an insurance company organized under the laws of any state or country is prohibited by the laws of said state or country or by its charter from investing its assets other than capital stock in the bonds of this state, then and in such case the commissioner of insurance is authorized and directed to refuse to grant a license to transact business in Mississippi to such insurance company.
Structure Mississippi Code
Chapter 21 - Foreign Companies
§ 83-21-3. Requirements for admission
§ 83-21-5. Deposit required for companies outside United States
§ 83-21-9. License refused on certain conditions
§ 83-21-13. Revocation of license for deficiency in capital, surplus, or reserves
§ 83-21-17. Nonadmitted insurers
§ 83-21-27. Permissible acts of surplus lines insurance producers
§ 83-21-29. Suits against nonadmitted insurers
§ 83-21-31. Application of preceding and succeeding sections