Notwithstanding any other provision of law, the commissioner of insurance shall have sole and exclusive authority to regulate the issuance and sale of contracts for which separate accounts may be established, the insurers which issue them and the agents or other persons who sell them. The commissioner of insurance also shall have the sole authority to issue such reasonable rules and regulations as may be appropriate to carry out the purposes and provisions of Sections 83-7-27 through 83-7-49, including rules and regulations applicable to the licensing and qualification of agents or other persons who sell such contracts.
Structure Mississippi Code
§ 83-7-1. Life insurance companies defined
§ 83-7-3. Distinction in same class and rebates prohibited
§ 83-7-5. Proceeds of policy not subject to judicial process or assignment while in hands of company
§ 83-7-9. Assignment of group life insurance policy
§ 83-7-11. Penalty for false statement as to publication
§ 83-7-13. Application of insured to be filed with policy of insurance
§ 83-7-15. Misstatement of age not to invalidate policy
§ 83-7-19. Minors may make insurance contract
§ 83-7-21. Reserve liabilities
§ 83-7-23. Standard valuation law
§ 83-7-25. Standard nonforfeiture law
§ 83-7-31. Crediting of income or charging of losses on separate accounts
§ 83-7-33. Valuation of assets allocated to separate accounts
§ 83-7-35. Ownership of amounts allocated to separate accounts
§ 83-7-37. Powers of domestic companies establishing separate accounts
§ 83-7-39. Reserve liability for variable contracts
§ 83-7-51. Notice of right to return policy; effect of return