§ 83-79-1. Short title

This chapter shall be known and may be cited as the Property Insurance Clarity Act. It is the intent and purpose of the Legislature that this chapter shall serve to allow the Mississippi Insurance Department to receive and aggregate insurers’ homeowner claims loss data for the purposes of determining the accuracy and adequacy of catastrophic […]

§ 83-79-11. Commissioner to promulgate rules to notify insurers of obligations under this chapter and clarify data requested and manner of production of data

The commissioner shall promulgate rules consistent with this chapter to notify insurers of their obligations under this chapter and to clarify the data requested and the manner of production of such data. The commissioner may add any and all reasonable data to the data calls created by this chapter, and all such data shall be […]

§ 83-79-13. Repeal of chapter

This chapter shall stand repealed from and after July 1, 2022.

§ 83-79-3. Insurers authorized to transact homeowners insurance business in Mississippi required to provide certain policy and premium information to Department of Insurance; specific information to be provided

Each insurance company and the Mississippi Windstorm Underwriting Association (herein after “insurers”) authorized to transact homeowners insurance business in the State of Mississippi shall once every three (3) years submit to the Mississippi Insurance Department, commencing on or before October 1, 2015, for homeowners insurance policies, computations of the total amount of direct incurred losses, […]

§ 83-79-5. Insurers authorized to transact homeowners insurance business in Mississippi required to provide certain policy and premium information to Department of Insurance for calendar years 2005 through 2014

No later than October 1, 2015, each insurer authorized to transact homeowners insurance business in this state shall provide the information required pursuant to Section 83-79-3(1), for the calendar years 2005 through 2014. Voluntary submissions of the information required by Section 83-79-3(1) for calendar years prior to 2005, may be submitted and shall be compiled […]

§ 83-79-7. Waiver, modification or extension for an additional time period of the reporting requirements; penalty for noncompliance with reporting requirements

Upon written request of an insurer, the commissioner may waive, modify, or extend for an additional time period, for good cause shown, the reporting requirements imposed by this chapter. The request shall demonstrate good cause for waiving, modifying, or extending the reporting requirements. Good cause may include, but is not limited to, the insurer’s limited […]

§ 83-79-9. Aggregated information to be made available to the public

Any information submitted to the department by an insurer pursuant to this chapter shall be reported to the department pursuant to the market analysis provisions in Section 83-5-205(4). Further, pursuant to Section 83-5-209(7), all data reported to the commissioner or his designee as part of this market analysis shall also be considered as confidential and […]