Such company shall maintain unearned premium and other reserves separately for each kind of insurance, upon the same basis as that required of domestic stock insurance companies transacting the same kind of insurance; provided, that any reserve for losses or claims based upon the premium income shall be computed upon the net premium after deducting any so-called dividend or premium returned or credited to the member.
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