§ 83-37-15. Conditions for certain contracts
A burial association may enter into burial insurance contracts with citizens of this state in a face amount of not less than Two Hundred Fifty Dollars ($250.00) nor more than Five Hundred Dollars ($500.00) for the funeral of any one person to be paid by any such burial association, subject to strict compliance with the […]
§ 83-37-17. Premium taxes
Those burial associations operating under the provisions of Section 83-37-11 shall not be required to pay any premium taxes. Those burial associations incorporated under the provisions of Section 83-37-15 shall be required to pay premium taxes as follows: Such foreign burial insurance companies and associations of every kind and description writing burial insurance contracts under […]
§ 83-37-19. Annual reports
All such persons, firms, associations, or corporations shall, annually before the fifteenth day of February of each year, in accordance with the requirements of a form prepared and furnished by the commissioner of insurance for that purpose and in such detail as the commissioner shall prescribe, file with the commissioner a sworn statement of its […]
§ 83-37-21. Privilege tax
When the above and foregoing provisions have been complied with by any person, firm, association or corporation, the insurance commissioner shall issue a license to such person, firm, association or corporation upon the payment to him of a privilege tax to engage in such business, according to the following schedule, to-wit: Any person, firm, association […]
§ 83-37-23. Cancellation of license
The failure of any person, firm, association, or corporation to promptly pay or fulfill any contract in force at the time of maturity, when legally determined that the contract was in force, the failure to pay promptly when due the examination fee required, the failure to pay the license fee, privilege license when due, or […]
§ 83-37-25. Fiscal examinations
The insurance commissioner shall have full authority to examine the books, records, papers, and all other data belonging to or bearing on the business of any such person, firm, association, or corporation and may designate any practical accountant to make said examination at a reasonable per diem and expenses not to exceed the sum of […]
§ 83-37-27. Licenses issued as of March 1st; term
The annual license granted under this chapter shall be dated as of the first day of March and be good for one year from date. All such persons, firms, associations, or corporations beginning the business herein described after the first day of March in any year shall pay a proportionate part of the privilege tax […]
§ 83-37-29. Penalties; funding of agency expenses; deposit of monies into State General Fund
Any person, firm, association, or corporation engaging in the business herein described without first having complied with the provisions hereof, or any person who shall knowingly make any false statement in the reports required by this chapter as determined by the Commissioner of Insurance after written notice and hearing, shall be assessed a penalty for […]
§ 83-37-31. Receivership
Should the insurance commissioner find that any person, firm, association, or corporation engaged in the business herein described has refused to pay any just claim or demand based on the contracts, or that he or they be unable to pay same after the claim or demand has been legally determined to be just and outstanding, […]
§ 83-37-33. Scope of this chapter
This chapter shall not apply to any labor union or labor union organization, whether organized in this state or not, making contracts with its members to pay money or provide funeral expenses in the event of the death of any member or any member’s family. Nor shall it apply to any duly organized fraternal order […]