Any number of persons not less than three (3), a majority of whom shall be bona fide residents of this state, by complying with the provisions of this chapter, may become, together with others who may hereafter be associated with them or their successors, a body corporate for the purpose of carrying on the business of mutual insurance as herein provided.
Structure Mississippi Code
§ 83-31-3. Articles of association
§ 83-31-5. Name must contain the word "mutual."
§ 83-31-7. Commissioner of Insurance to approve articles
§ 83-31-11. Kind of insurance authorized
§ 83-31-15. Fraternal societies may be converted
§ 83-31-19. Certain companies not affected
§ 83-31-23. Corporations and associations may hold policies
§ 83-31-29. Investment of assets
§ 83-31-31. Reserves and unearned premiums
§ 83-31-33. Deficiency in assets
§ 83-31-35. Money advanced by officers or members
§ 83-31-37. Delivery of policies through licensed agents