§ 83-37-9. Corporate contract forms and rate schedules to be filed
Any domestic or foreign corporation engaging in the business set forth herein shall also file with the insurance commissioner sample forms of all such contracts as it proposes to make and enter into and the rates to be charged, and shall secure from the insurance commissioner of this state annually a license to engage in […]
§ 83-37-11. Classes of burial associations
Before engaging in said business, any such person, firm, association, or corporation, both foreign and domestic, shall deposit with the Treasurer of the State of Mississippi such securities as may be approved by the Commissioner of Insurance, consisting of certificates of deposit or bonds of the United States, of the State of Mississippi, or of […]
§ 83-37-12. Buyer’s guide
Each policy or contract or certificate issued under Section 83-37-11 shall have attached a buyer’s guide which shall be developed by the Commissioner of Insurance and shall contain a definition of the burial contract, its provisions, its benefits and notice of the freedom of choice as provided by Section 83-37-13.
§ 83-37-13. Standard contract provisions
Contracts written under the provisions of Section 83-37-11 must first be approved by the commissioner of insurance and must be substantially in the following form and language; any variation thereof shall in no manner be less favorable to the insured than the form and language prescribed herein. All policies written under authority of Section 83-37-11 […]
§ 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 […]