There is created a nonprofit unincorporated legal entity to be known as the Mississippi Insurance Guaranty Association. All insurers defined as member insurers in Section 83-23-109 shall be and remain members of the association as a condition of their authority to transact insurance in this state. The association shall perform its functions under a plan of operation established and approved under Section 83-23-117 and shall exercise its powers through a board of directors established under Section 83-23-113.
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