Any insurer selling property and casualty insurance shall not withdraw, cancel or fail to renew any line of insurance or class of business without giving notice in writing sixty (60) days in advance to the Commissioner of Insurance. Any failure to give notice may result in a fine of up to Two Thousand Five Hundred Dollars ($2,500.00) in the discretion of the Commissioner of Insurance.
Structure Mississippi Code
Chapter 5 - General Provisions Relative to Insurance and Insurance Companies
Article 1 - General Provisions
§ 83-5-1. Concerns subject to department
§ 83-5-3. All companies to submit to all laws of state
§ 83-5-9. Business to be conducted in corporate name
§ 83-5-15. License fees for each class of business
§ 83-5-19. Sale of stock regulated
§ 83-5-21. License revoked if judgments not paid
§ 83-5-25. Certain insurance prohibited
§ 83-5-27. Discrimination through fictitious grouping prohibited
§ 83-5-29. Insurance business practices regulated
§ 83-5-30. Notice of withdrawal, cancelation, or failure to renew insurance; penalties
§ 83-5-33. Unfair methods of competition and deceptive practices prohibited
§ 83-5-35. Unfair methods of competition and unfair or deceptive acts or practices defined
§ 83-5-37. Power of commissioner
§ 83-5-47. Judicial review by intervenor
§ 83-5-49. Penalty for violation of cease and desist order
§ 83-5-51. Provisions cumulative
§ 83-5-53. Blank forms furnished
§ 83-5-57. Reinsurance returns made annually
§ 83-5-59. Statements examined and abstracts published
§ 83-5-61. Certain premiums declared and taxed
§ 83-5-63. Penalty for failure to declare
§ 83-5-67. License revoked if statement untrue
§ 83-5-71. Duration of license
§ 83-5-75. Fees of fraternal orders
§ 83-5-77. Publication fees; funding of agency expenses; deposit of monies into State General Fund
§ 83-5-79. Investigation of complaint by citizens
§ 83-5-81. Suit for payment of expense if refused
§ 83-5-83. Refusal to comply; license revoked
§ 83-5-87. Contents of residential property insurance policy