The insurance commissioner shall have full authority to examine the books, records, papers, and all other data belonging to or bearing on the business of any such person, firm, association, or corporation and may designate any practical accountant to make said examination at a reasonable per diem and expenses not to exceed the sum of One Hundred ($100.00) Dollars for any one (1) year, to be paid by such person, firm, association, or corporation. If upon examination the insurance commissioner be of the opinion that the capital stock of a domestic corporation has become impaired, or that any foreign company admitted to do business hereunder is insolvent, the commissioner may thereupon for said reason cancel its license to do business in this state.
Any person, firm, or corporation that may refuse to permit the insurance commissioner or any practical accountant designated by him to examine the books, records, papers, and all other data belonging to or bearing on the business of any such person, firm, or corporation shall have his, their, or its license canceled and revoked by the commissioner.
The insurance commissioner shall have full power in the regulation of any person, firm, or corporation, foreign or domestic, and anyone attempting to write burial certificate contracts without first having secured a license and having qualified under the provisions of statutes which govern, may be prosecuted under the provisions of Section 83-37-29.
Structure Mississippi Code
Chapter 37 - Burial Associations
§ 83-37-1. Unlawful unless organized under this chapter
§ 83-37-3. Method of organization
§ 83-37-5. Articles of incorporation; restriction on formation of new companies
§ 83-37-7. Foreign corporations admitted
§ 83-37-9. Corporate contract forms and rate schedules to be filed
§ 83-37-11. Classes of burial associations
§ 83-37-13. Standard contract provisions
§ 83-37-15. Conditions for certain contracts
§ 83-37-23. Cancellation of license
§ 83-37-25. Fiscal examinations
§ 83-37-27. Licenses issued as of March 1st; term
§ 83-37-29. Penalties; funding of agency expenses; deposit of monies into State General Fund