Ask a question on the site
Questions
Lawyers
Blogs
Legislation
Contacts
Become a lawyer
Login Registration
General Provisions
§ 83-7-1. Life insurance companies defined - All corporations, associations, partnerships, or individuals doing business in this...
§ 83-7-3. Distinction in same class and rebates prohibited - No life insurance company doing business in Mississippi shall make...
§ 83-7-4. Proceeds of policy; effect of payment when made by insurer or contract issuer in accordance with terms of policy or contract - Whenever the proceeds of, or payments under, a life insurance...
§ 83-7-5. Proceeds of policy not subject to judicial process or assignment while in hands of company - If, under the terms of any annuity contract, or policy...
§ 83-7-9. Assignment of group life insurance policy - Subject to the terms of the policy or pursuant to...
§ 83-7-11. Penalty for false statement as to publication - Any solicitor, agent, examining physician, or other person who shall...
§ 83-7-13. Application of insured to be filed with policy of insurance - All life insurance companies doing business in the State of...
§ 83-7-15. Misstatement of age not to invalidate policy - Any misstatement of age in any policy, certificate, or contract...
§ 83-7-17. Policies to show plainly on face kind and character; fees for commissioner's approval; expedited form and rate review procedure - Click to view FORM FEE Each individual policy contract, including...
§ 83-7-19. Minors may make insurance contract - Any minor of the age of fifteen (15) years nearest...
§ 83-7-21. Reserve liabilities - The reserve liabilities for all policies in force in any...
§ 83-7-23. Standard valuation law - Except as otherwise provided in subsections (3-a) and (3-b) of...
§ 83-7-25. Standard nonforfeiture law - (1-a) Definitions: The term "operative date of the valuation manual"...
§ 83-7-27. Separate accounts to fund pension or profit sharing plans or to provide for life insurance or annuities - Any domestic life insurance company may establish one (1) or...
§ 83-7-31. Crediting of income or charging of losses on separate accounts - The income, gains and losses, realized or unrealized, from assets...
§ 83-7-33. Valuation of assets allocated to separate accounts - Unless otherwise approved by the commissioner of insurance, assets allocated...
§ 83-7-35. Ownership of amounts allocated to separate accounts - The amounts allocated to a separate account in the exercise...
§ 83-7-37. Powers of domestic companies establishing separate accounts - To the extent any domestic life company deems it necessary...
§ 83-7-39. Reserve liability for variable contracts - The reserve liability for variable contracts shall be established in...
§ 83-7-41. Contents of contract delivered or issued for delivery in state providing for benefits in variable amounts - If any contract delivered or issued for delivery in this...
§ 83-7-43. Authority to deliver or issue for delivery within state contracts providing for benefits in variable amounts - No domestic life insurance company and no other life insurance...
§ 83-7-45. Authority of commissioner to regulate issuance and sale of contracts for separate accounts and those who issue and sell them - Notwithstanding any other provision of law, the commissioner of insurance...
§ 83-7-49. Application of insurance laws to separate accounts; contents of individual variable life insurance contracts - Except for Section 83-7-25 of the insurance law in the...
§ 83-7-51. Notice of right to return policy; effect of return - Every individual life insurance policy or contract issued for delivery...
Accelerated Benefits
§ 83-7-101. Definitions - "Accelerated benefits" are benefits payable under a life insurance contract:...
§ 83-7-103. Accelerated benefit provisions as not representing morbidity risks - Accelerated benefit riders and life insurance policies with accelerated benefit...
§ 83-7-105. Acknowledgement of concurrence for payout prior to payment - Prior to the payment of the accelerated benefit, the insurer...
§ 83-7-107. Options for payment; minimum amounts - The benefit shall be paid in a lump sum, or...
§ 83-7-111. Effective date of accelerated benefit - The accelerated benefit shall be effective on the effective date...
§ 83-7-113. Waiver of premium - The accelerated benefit provision may or may not provide for...
§ 83-7-115. Discrimination amongst insureds prohibited - Insurers shall not unfairly discriminate among insureds with differing qualifying...
§ 83-7-119. Filing valuation method and assumptions with Department of Insurance; content - At the time of filing of the policy form, the...
Viatical Settlements
§ 83-7-201. Short title - Sections 83-7-201 through 83-7-223 shall be known and may be...
§ 83-7-203. Definitions - The following words and phrases shall have the meanings ascribed...
§ 83-7-209. Settlement application, contract and disclosure statement forms to be filed with and approved by Commissioner of Insurance - A person shall not provide a viator a viatical settlement...
§ 83-7-219. Authority of Commissioner to adopt rules and regulations - The commissioner may: Promulgate rules and regulations implementing Sections 83-7-201...
§ 83-7-221. Violations of provisions considered unfair trade practice - A violation of Sections 83-7-201 through 83-7-223 shall be considered...
§ 83-7-223. Continuation of viatical settlement business pending approval or disapproval of license application filed on or before July 1, 2000 - A viatical settlement provider, viatical settlement representative or viatical settlement...
Unclaimed Life Insurance Benefits Act
§ 83-7-301. Short title - Sections 83-7-301 through 83-7-313 shall be known as the "Unclaimed...
§ 83-7-303. Purpose - Sections 83-7-301 through 83-7-313 confirm the applicability of the escheat...
§ 83-7-305. Definitions - As used in Sections 83-7-301 through 83-7-313: "Account owner" means...
§ 83-7-309. Insurer unclaimed property reporting - In the event that an insurer: (a) has identified a...
§ 83-7-311. Limitation on promulgation of rules or regulations that impose additional duties on insurers beyond those set out in Sections 83-7-301 through 83-7-313 - Neither the Commissioner of Insurance nor the State Treasurer shall...
§ 83-7-313. Effect of certain agreements between insurers and Commissioner of Insurance or State Treasurer - In the event that any resolution agreement, regulatory settlement agreement,...