Source: http://mid.ms.gov/about/commissioner.aspx
Timestamp: 2017-02-20 13:14:56
Document Index: 351931848

Matched Legal Cases: ['§ 83', '§ 75', '§ 83', '§ 41', '§ 63', '§ 83', '§ 45', '§ 45', '§ 83', '§ 11', '§ 83', '§ 17', '§ 25', '§ 75']

Mississippi Insurance Department - Office of the Commissioner
. Mike Chaney is "doing the math". Home > About Us > Divisions > Office of the Commissioner
Mike Chaney Mike Chaney, Mississippi’s 11th Commissioner of Insurance and State Fire Marshal, is currently serving his third term in office. First elected in 2007, Chaney brought extensive business knowledge and experience to the office combined with 15 years of service in the Mississippi House and Senate.
His priorities throughout his terms in office remain steadfastly committed to consumer protection and application of technology for efficiency of the department to serve the state and consumers.
He is leading the department in making strides in healthcare reform; disaster recovery from flood, tornado and hurricane events; bail bond industry reform; and reductions in state fire deaths.
An active member of the NAIC, Chaney serves on numerous committees, task forces and working groups. Among the issues he is involved in addressing are examination oversight, accounting practices, producer licensing, health insurance and managed care, senior issues, catastrophe and property and casualty insurance.
As Commissioner, he was inducted into the Insurance Hall of Fame at his alma mater, Mississippi State University. He received the Distinguished Service Award from the University of Mississippi Risk Management and Insurance program and its Professional Society. He has been named one of the top insurance professionals by Insurance Business America Magazine, and was named a Healthcare Hero by the Mississippi Business Journal.
Commissioner Chaney has served on numerous community development entities and corporate boards. He is also a Rotarian and Paul Harris Fellow. He is a veteran of the United States Army, serving in Vietnam. Chaney and his wife, Mary have three children and eight grandchildren.
The Commissioner of Insurance is elected to a four-year term and may be re-elected. Miss. Code Ann. § 83-1-1 et seq. The Commissioner is charged with execution of all laws relative to insurance companies, corporations, associations and fraternal orders, their agents and adjusters. The Commissioner licenses and regulates the practices of all insurance
companies, agents, burial associations, fraternal societies, bail bondsmen, and other entities engaged in the business of insurance. The Commissioner, as State Fire Marshal, acting through the State Chief Deputy Fire Marshal,
investigates all fires called to his attention occurring in the state, licenses manufacturers, installers/transporters
and dealers of mobile homes and regulates their practices. The Commissioner, through the State Fire Marshal Division, administers the Mississippi Fire Prevention Code. The Commissioner, through the Fire Service Development Division, establishes guidelines, use and accountability for municipal and county fire protection funds. The Commissioner administers
the Liquefied Compressed Gas Equipment Law (Miss. Code Ann. § 75-57-1 et seq.) and enforces the National Fire Protection Association Code, Books 54 and 58. The Commissioner encourages and supports all employees to attain and maintain professional designations in their career fields.
The Mississippi Surplus Lines Association (MSLA) is a non-profit association created to provide a stamping procedure
for all eligible non-admitted/surplus lines insurance policies sold on risks to ensure the proper payment of premium taxes
to the State of Mississippi. This association, under the direction of the Commissioner, has no separate regulatory
powers. MSLA enables the Department to ensure that proper taxes are paid to the State of Mississippi. As a result of this
law, the State receives additional taxes that were not received in previous years. Miss. Code Ann. § 83-21-17 et seq.
Miss. Code Ann. § 41-86-1 et seq.
Miss. Code Ann. § 63-15-65 et seq.
Mississippi Comprehensive Health Insurance Risk Pool Association – Commissioner Chaney appoints four members to this nine-member board, which provides a mechanism to make health and accident
insurance coverage available to those citizens of Mississippi who, because of health conditions, cannot secure such coverage.
Miss. Code Ann. § 83-9-211 et seq.
Miss. Code Ann. § 45-11-251	et seq.
Mississippi Fire Prevention Code Board of Adjustments and Appeals – Commissioner Chaney appoints all five members to this board per the Standard Fire Prevention Code as adopted by
Miss. Code Ann. § 45-11-103 et seq.
Miss. Code Ann. § 83-23-101 et seq. Mississippi Life	Health Insurance Guaranty Association – Commissioner Chaney approves the members of this board, which consists of not less than five nor more than nine members. The Association assists in the detection and prevention of insurer insolvencies and provides a mechanism for the payment of covered claims for insurance policies written by licensed life and health insurance companies to avoid excessive delay in payment and to avoid financial loss to claimants or policyholders because of insurer insolvencies.
Mississippi Tort Claims Board – Commissioner Chaney serves on this board, which provides coverage to governmental entities for every risk for which the board
determines the respective governmental entities to be liable in the event of a claim or suit for injuries.
Miss. Code Ann. § 11-46-18 et seq. Mississippi Rural Risk Underwriting Association – Commissioner Chaney approves the plan of operation of this association, which is charged with providing essential property
insurance coverage to eligible individuals who have been unable to secure such insurance through the voluntary market.
Mississippi Windstorm Underwriting Association – Commissioner Chaney approves the plan of operation of this board and appoints three members to the board, which coordinates the availability of wind and hail coverage in the six Mississippi Coastal counties (Hancock, Harrison, Jackson, Pearl River,
Stone, and George). Additionally, a designee of the Commissioner attends each meeting of the Association.
Miss. Code Ann. § 83-34-1 et seq.
Rural Fire Truck Acquisition Assistance Review Committee – Commissioner Chaney chairs this committee, which is responsible for reviewing all applications for compliance in regard to established guidelines for applicants to the Rural Fire Truck Acquisition Assistance Program as outlined in
Miss. Code Ann. § 17-23-1 et seq.
Miss. Code Ann. § 25-15-9 et seq.
State Liquefied Compressed Gas Board – Commissioner Chaney oversees this board, which is vested with the power to regulate matters pertaining to liquefied compressed gas in Mississippi. Commissioner Chaney appoints seven members to this board, including one from each of
Mississippi’s five congressional districts, as well as two at-large members.
Miss. Code Ann. § 75-57-1 et seq.
501 N. West St.
Mississippi Insurance Department - 601-359-3569
Email: mike.chaney@mid.ms.gov