If any company, corporation, or association while holding a license to transact the business of insurance in Mississippi shall fail or refuse to comply with any of the provisions or requirements of the insurance laws of this state, it shall be the duty of the commissioner of insurance to notify such company, corporation, or association by registered letter properly addressed and mailed, or by some other form of actual notice in writing delivered to an executive officer of such company, corporation, or association, of his intention to revoke the license of such company, corporation, or association to transact business in this state at the expiration of thirty (30) days after mailing such registered letter, or a date upon which such actual notice is served. If such provisions or requirements are not fully complied with before the expiration of said thirty (30) days, it shall be the duty of the commissioner of insurance to revoke the license of such company, corporation, or association; and in case of such revocation, such company, corporation, or association shall not be entitled to receive another license for a period of one (1) year, and until it shall have fully complied with all such provisions and requirements of said insurance laws.
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