Two (2) or more reciprocals may combine their assets and liabilities into one (1) reciprocal, subject to the approval of the Commissioner of Insurance.
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