The purpose of this article is to provide a mechanism for the payment of covered claims under certain insurance policies to avoid excessive delay in payment and to avoid financial loss to claimants or policyholders because of the insolvency of an insurer, to assist in the detection and prevention of insurer insolvencies, and to provide an association to assess the cost of such protection among insurers.
Structure Mississippi Code
Chapter 23 - Insolvent Insurance Companies; Insurance Guaranty Association
Article 3 - Insurance Guaranty Association
§ 83-23-105. Application of article; exceptions
§ 83-23-111. Creation of the association
§ 83-23-115. Powers and duties of association
§ 83-23-121. Assignment of rights to association; effect of paid claims
§ 83-23-125. Prevention of insolvencies
§ 83-23-127. Examination of the association
§ 83-23-131. Recognition of assessments in rates
§ 83-23-135. Stay of proceedings; access to insolvent insurer's records