Any company that neglects to make and file its quarterly and annual statement within the time provided in this chapter shall pay to the Commissioner of Insurance One Hundred Dollars ($100.00) for each day's neglect, which penalty shall be deposited into the special fund in the State Treasury designated as the "Insurance Department Fund"; and upon notice by the commissioner to that effect, its authority to do new business shall cease while such default continues. For willfully making a false annual, quarterly or other statement it is required by law to make, any insurance company, association or order, and the person making oath to or subscribing the same, shall severally be guilty of a misdemeanor; and, upon conviction, be punished by a fine of not less than Five Hundred Dollars ($500.00) nor more than One Thousand Dollars ($1,000.00). Any person making oath to such false statement shall be guilty of the crime of perjury.
From and after July 1, 2016, the expenses of this agency shall be defrayed by appropriation from the State General Fund and all user charges and fees authorized under this section shall be deposited into the State General Fund as authorized by law.
From and after July 1, 2016, no state agency shall charge another state agency a fee, assessment, rent or other charge for services or resources received by authority of this section.
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