US Lawyer Database

§ 83-23-235. Use of association’s name in insurance advertisements or solicitations; association to prepare document describing general purposes and limitations of association

No person, including an insurer, agent or affiliate of an insurer shall make, publish, disseminate, circulate or place before the public, or cause directly or indirectly, to be made, published, disseminated, circulated or placed before the public in any newspaper, magazine or other publication, or in the form of a notice, circular, pamphlet, letter or […]

§ 83-23-215. Powers of association

If a member insurer is an impaired insurer, the association may, in its discretion, and subject to any conditions imposed by the association that do not impair the contractual obligations of the impaired insurer, and that are approved by the commissioner: Guarantee, assume or reinsure, or cause to be guaranteed, assumed or reinsured, any or […]

§ 83-23-218. Member insurers permitted to offset assessment against taxes

From and after July 1, 1993, a member insurer may offset against its (premium, franchise or income) tax liability (or liabilities) to this state an assessment described in Section 83-23-217(8) to the extent of twenty percent (20%) of the amount of such assessment, if any, for each year over the next five (5) succeeding years. […]

§ 83-23-219. Plan of operation; approval by commissioner; contents of plan

The association shall submit to the commissioner a plan of operation and any amendments thereto necessary or suitable to assure the fair, reasonable and equitable administration of the association. The plan of operation and any amendments thereto shall become effective upon the commissioner’s written approval or unless it has not been disapproved within thirty (30) […]

§ 83-23-223. Detection and prevention of insurer insolvencies or impairments

To aid in the detection and prevention of insurer insolvencies or impairments: It shall be the duty of the commissioner; To notify the commissioners of all the other states, territories of the United States and the District of Columbia within thirty (30) days following the action taken or the date the action occurs, when the […]

§ 83-23-225. Liability of insolvent or impaired insurer for assessments

This article shall not be construed to reduce the liability for unpaid assessments of the insureds of an impaired or insolvent insurer operating under a plan with assessment liability. Records shall be kept of all meetings of the board of directors to discuss the activities of the association in carrying out its powers and duties […]