Any insurer or sponsor operating or writing a prepaid legal services plan in this state shall be required to set aside as a legal reserve to protect the holders of its policy or subscription contracts in this state the pro rata unearned portion of the premium paid for such contract, to be held until termination of such contracts.
Structure Mississippi Code
Chapter 49 - Legal Expense Insurance
§ 83-49-1. Purposes and construction of chapter
§ 83-49-3. Persons to whom chapter applies
§ 83-49-19. Advertising standards
§ 83-49-21. Provisions of §§ 83-5-29 through 83-5-51 applicable to plan sponsors
§ 83-49-23. Capitalization of sponsors other than insurers; impairment
§ 83-49-25. Annual report; contents
§ 83-49-29. Hearings and proceedings to be in conformity with §§ 83-17-123 et seq
§ 83-49-33. Venue provisions applicable to sponsors
§ 83-49-35. Rules and regulations
§ 83-49-37. Insurers to be in conformity with this chapter and other laws
§ 83-49-39. Investment of funds
§ 83-49-41. Disposition of deposits
§ 83-49-45. Tax imposed on premiums; collection and enforcement