Mississippi

§ 83-34-1. Definitions.

§ 83-34-3. Creation of Mississippi Windstorm Underwriting Association; organizational structure; certain licensed insurers to become assessable insurers; association revenues; association not subject to state bid requirements.

§ 83-34-4. Nonadmitted policy fee; responsibility of surplus lines insurance producer placing insurance through nonadmitted insurer to collect and remit fees; calculation of fee; penalty for nonpayment [Repealed effective July 1, 2022].

§ 83-34-5. Powers and duties.

§ 83-34-7. Designation of temporary board of directors; expiration of terms of office; permanent board of directors; composition of board; selection and qualifications of board members; terms of office; powers.

§ 83-34-9. Participation by assessable insurers in recoupable and nonrecoupable assessments levied by association; financial incentives and/or penalties to ensure assessable insurers write insurance in the coast area.

§ 83-34-10. Power to levy recoupable and nonrecoupable assessments upon occurrence of certain events; maximum nonrecoupable assessments.

§ 83-34-11. Repealed.

§ 83-34-12. Deferment of assessable insurer’s recoupable or nonrecoupable assessment; amount deferred to be assessed against other assessable insurers.

§ 83-34-13. Plan of operation; contents; approval by commissioner; certification of approval; effective date of plan.

§ 83-34-15. Application for coverage; inspection of property; issuance of insurance; appeal of denial of application.

§ 83-34-16. Premium discount for building “fortified home.”

§ 83-34-17. Rates.

§ 83-34-19. Appeals.

§ 83-34-21. Reports of inspection made available.

§ 83-34-23. Immunity from liability.

§ 83-34-25. Annual report.

§ 83-34-27. Commissioner may examine affairs of association; commissioner and association may examine data and payments of assessable insurer or insurers placing insurance through nonadmitted insurers.

§ 83-34-29. Rules and regulations.

§ 83-34-31. Powers and authority of board of directors to issue bonds and enter into loans or other forms of indebtedness; rights and remedies of bondholders not to be impaired.

§ 83-34-33. Surcharge for excess covered event losses on all property and casualty premiums; issuance of bonds to pay claims losses; exempted premiums; purpose of certain surcharges to be designated and specifically identified; licensed insurers and agents to collect and remit surcharges; setting and adjustment of surcharge percentage; cessation of surcharge.

§ 83-34-35. Commissioner to approve association rates at least adequate to fund annual reinsurance above a certain reserve.

§ 83-34-37. Mississippi Windstorm Underwriting Association Reinsurance Assistance Fund created; purpose; use of funds; reports.

§ 83-34-39. Repealed.