Such reciprocal shall upon the issuance of the certificate of authority herein provided pay to the state the sum of Two Hundred Dollars ($200.00), as provided in Section 27-15-83, and with the filing of the annual report herein provided shall pay an annual tax upon the gross premiums or deposits collected from subscribers in this state during the preceding calendar year, after deducting therefrom returns for cancellations, considerations for reinsurance, and all amounts returned to subscribers or credited to their account as savings, as provided in Section 27-15-103 et seq.
Structure Mississippi Code
Chapter 33 - Reciprocal Insurance
§ 83-33-1. Regulation of exchange
§ 83-33-3. Execution of contracts
§ 83-33-5. Declaration under oath
§ 83-33-17. Certificate of authority
§ 83-33-19. Taxation of premium receipts
§ 83-33-23. Board of directors to control and manage reciprocal
§ 83-33-25. Return of savings or credits accruing to subscribers
§ 83-33-33. Liability of subscribers for reciprocal's debts or obligations
§ 83-33-37. Two or more reciprocals authorized to combine assets and liabilities into one reciprocal