reglab/housing_qa huggingface dataset:
MS Code § 83-47-9 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 47 - Nonprofit Medical Liability Insurance Corporations|§ 83-47-9. Dues, fees and assessments; separate classes and groupings for fixing assessments of members; premium taxes

 Each member shall pay all dues, fees and assessments in such amounts as may be established from time to time by the resolution of the board of directors. The board of directors shall have the authority to provide for separate and distinct classes of insurance and groupings of members and insureds and to fix assessments and premiums at varying and different amounts for the various classes. No member or insured shall refuse or neglect to pay his or its assessment or premium because the amount thereof differs or varies from the amount of the assessment or premium of members in other classes or groupings. The board of directors shall endeavor to establish and fix assessments and premiums for the various classes and groupings which are reasonable in amount, relative to the benefits to be received by those members and insureds within the classes and groupings involved, and the action of the board of directors in so doing shall be conclusive and final. Each member shall also pay all obligations which may, from time to time, become due and payable by such member to the corporation as and when the same shall become due and payable. Such fees, assessments and premiums required of members and insureds shall contain an amount sufficient to pay three percent (3%) premium tax, the same as levied on all other domestic nonprofit insurance corporations. Such premium taxes shall be collected and paid into the treasury by the State Tax Commission.
MS Code § 83-47-11 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 47 - Nonprofit Medical Liability Insurance Corporations|§ 83-47-11. Liability of members for debts of corporation; exemption of private property from execution

 The private property of the members of the corporation shall be exempt from the execution for the debts of the corporation, and no member shall be individually liable or responsible for any debts or liabilities of the corporation.
MS Code § 83-47-13 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 47 - Nonprofit Medical Liability Insurance Corporations|§ 83-47-13. Annual statement

 Every such corporation shall annually, on or before the first day of March, file in the office of the commissioner of insurance a statement verified by at least two (2) of the principal officers of said corporation, showing its condition on the thirty-first day of December of the preceding year, which shall be in such form and shall contain such matters as the commissioner shall prescribe.
MS Code § 83-47-15 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 47 - Nonprofit Medical Liability Insurance Corporations|§ 83-47-15. Investigation of affairs of corporation; access to books and documents; summoning and examining witnesses under oath

 The commissioner of insurance may appoint any deputy or examiner or other person who shall have the power of visitation and examination into the affairs of any such corporation and free access to all of the books, papers and documents that relate to the business of the corporation, and may summon and qualify witnesses under oath to examine its officers, agents, employees or other persons in relation to the affairs, transactions and conditions of the corporation.
MS Code § 83-47-17 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 47 - Nonprofit Medical Liability Insurance Corporations|§ 83-47-17. Dissolution or liquidation of corporation

 Any dissolution or liquidation of a corporation, subject to the provisions of this chapter, shall be conducted under the supervision of the commissioner of insurance, who shall have all power with respect thereto under the provisions of law with respect to the dissolution and liquidation of insurance companies.
MS Code § 83-47-19 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 47 - Nonprofit Medical Liability Insurance Corporations|§ 83-47-19. Declaration of charitable status; exemption from taxation

 Every corporation organized pursuant to, or subject to, the provisions of this chapter is hereby declared to be a charitable and benevolent institution, and its funds and property shall be exempt from taxation, except from the premium tax levied in accordance with the provisions of this chapter and ad valorem taxes upon real estate and motor vehicles owned by it.
MS Code § 83-47-21 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 47 - Nonprofit Medical Liability Insurance Corporations|§ 83-47-21. Conversion of nonprofit and nonshare corporations into nonprofit medical liability insurance corporations

 Any corporation heretofore or hereafter organized and operating under Chapter 11, Title 79, Mississippi Code of 1972, desiring to become a nonprofit corporation of the kind and character described in this chapter, and to operate under and pursuant to the terms of this chapter, may convert its organization into such nonprofit corporation under this chapter in the following manner, to wit:   File a written application with the commissioner of insurance annexing thereto copies of (i) its articles of incorporation or new or amended articles of incorporation; (ii) its bylaws; (iii) its form of contract between the corporation and members, showing the terms under which medical liability insurance is to be furnished to members; (iv) its contracts with members, showing a table of assessments and the benefits to which members are entitled; and (v) a financial statement of the corporation, including the amounts of contributions paid or agreed to be paid to the corporation for working capital, the name or names of each contributor, and the terms of each contribution.   Submit any further data or evidence as may be required by the commissioner.   The commissioner shall refer the corporation's articles of incorporation to the attorney general for his opinion as to whether the same meet the requirements of this chapter. The attorney general shall, if in order to do so, endorse his approval thereon and return the same to the commissioner of insurance. The commissioner shall thereupon endorse upon said articles of incorporation his certificate of approval, whereupon said corporation shall be deemed to be converted under and existing and operating pursuant to the terms of this chapter. The articles of incorporation bearing such approval of the attorney general and the commissioner shall be recorded in the offices of the commissioner of insurance and of the secretary of state in like manner as in this chapter provided for recording the articles of incorporation of a corporation organized under this chapter in the first instance.
MS Code § 83-47-23 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 47 - Nonprofit Medical Liability Insurance Corporations|§ 83-47-23. Nonprofit medical liability insurance corporations not covered by insurance guaranty association law

 The organization as created under the authority of this chapter shall in no manner be covered under or included in the provisions of Sections 83-23-101 through 83-23-135.
MS Code § 83-47-25 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 47 - Nonprofit Medical Liability Insurance Corporations|§ 83-47-25. Procedure for converting nonprofit medical liability insurance corporation to stock insurance corporation

  A corporation organized under this chapter may become a stock insurance corporation under such plan and procedure as may be approved by the Commissioner of Insurance.   The Commissioner of Insurance shall approve any such plan or procedure if:   It is equitable to the corporation's members;   It is subject to approval by vote of not less than three-fourths (3/4) of the corporation's current members voting thereon in person or by proxy at a meeting of members called for the purpose pursuant to such reasonable notice and procedure as may be approved by the Commissioner of Insurance; right to vote may be limited to members who hold policies at the time of the vote and whose policies have been in force for not less than one (1) policy year;   The equity of each member in the corporation is determinable under a fair formula approved by the Commissioner of Insurance, which such equity shall be based upon not less than the corporation's entire surplus as reported in the corporation's annual statement to the Commissioner of Insurance, after deducting borrowed surplus funds, plus all nonadmitted assets;   The members entitled to participate in the purchase of stock or distribution of assets shall include all current members who hold policies at the time of the vote and whose policies have been in force for not less than one (1) policy year;   The plan gives to each member, as specified in subsection (2)(d) of this section, a preemptive right to acquire his proportionate part of all of the proposed capital stock of the corporation, within a designated reasonable period, and to apply upon the purchase thereof the amount of his equity in the corporation as determined under subsection (2)(c) of this section;   Shares are so offered to members at a price not greater than to be thereafter offered to others;   The plan provides for payment to each member not electing to apply his equity in the corporation for, or upon, the purchase price of stock to which the member is preemptively entitled of cash in the amount of his equity not so used for the purchase of stock, and which case payment, together with stock so purchased, if any, shall constitute full payment and discharge of the member's equity as a member of such corporation; and   The plan, when completed, would provide for the converted corporation paid-in capital stock in an amount not less than the minimum paid-in capital required of a domestic stock insurer transacting like kinds of insurance, together with surplus funds in amount not less than one half (1/2) of such required capital.     Once conversion under this section is complete, the converted corporation shall no longer be governed by this chapter and shall be governed by the provisions of the insurance laws of this state applicable to general liability insurers.
MS Code § 83-48-9 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 48 - Medical Malpractice Insurance Availability Act|§ 83-48-9. Repeal of Sections 83-48-1 through 83-48-7

 Sections 83-48-1, 83-48-3, 83-48-5 and 83-48-7, Mississippi Code of 1972, shall stand repealed from and after the transfer of the plan's assets and liabilities as provided in Section 83-48-5(6)(i).
MS Code § 83-49-1 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 49 - Legal Expense Insurance|§ 83-49-1. Purposes and construction of chapter

 The purposes of this chapter are to provide for legal expense insurance by the registration of prepaid legal services plans, to promote access to quality legal services at the lowest possible price, and to regulate the development and operation of prepaid legal services plans, and it is the intent of this legislature that this chapter be interpreted as liberally as necessary to accomplish these purposes.
MS Code § 83-49-3 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 49 - Legal Expense Insurance|§ 83-49-3. Persons to whom chapter applies

 The provisions of this chapter shall apply to all persons, groups, fraternal or benevolent organizations, including, but not limited to, insurers, corporations, partnerships, trusts, labor, craft or other unions, or any other entities who propose to operate or are operating or participating in the operation of a prepaid legal services plan as such a plan is hereinafter defined.
MS Code § 83-49-7 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 49 - Legal Expense Insurance|§ 83-49-7. License required for sponsor other than insurer; fee; disclosure of business relationships; denial of license

  No person other than an insurer as defined herein shall act as a sponsor nor enter into any contract with an individual person or persons whereby such person or persons become subscribers to a prepaid legal services plan without first having obtained a license from the commissioner to act as sponsor of prepaid legal services in this state.   The annual license fee shall be One Hundred Fifty Dollars ($150.00). The fee for said license shall be paid to the commissioner for the use of the state on or before March 1 of each year.   Before any licensee changes his address, he shall return his license to the commissioner who shall endorse the license indicating the change.   The person to whom the license or the renewal thereof may be issued shall file sworn answers, subject to the penalties of perjury, to such interrogatories as the commissioner may require. The commissioner shall have authority, at any time, to require the applicant to disclose fully the identity of all stockholders, partners, officers and employees, and he may, in his discretion, refuse to issue or renew a license in the name of any firm, partnership or corporation if he is not satisfied that any officer, employee, stockholder or partner thereof who may materially influence the applicant's conduct meets the standards of this chapter.
MS Code § 83-49-9 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 49 - Legal Expense Insurance|§ 83-49-9. Investigation of sponsor license applicants; qualifications for license; notice of denial; hearing

 Upon the filing of an application and the payment of the license fee, the commissioner shall make an investigation of each applicant and shall issue a license if he finds the applicant is qualified in accordance with this chapter. If the commissioner does not so find, he shall, within ninety (90) days after he has received such application, so notify the applicant and, at the request of the applicant, give the applicant a full hearing.   The commissioner shall issue or renew a license as may be applied for when he is satisfied that the person to be licensed:   Is competent and trustworthy and intends to act in good faith as a sponsor of prepaid legal services plans in this state;   Has a good business reputation and has had experience, training or education so as to be qualified to act as a sponsor of prepaid legal services plans; and   If a corporation is incorporated under the laws of this state or a foreign corporation authorized to transact business in this state.
MS Code § 83-49-15 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 49 - Legal Expense Insurance|§ 83-49-15. Contracts for additional insurance or administrative services; approval

  The sponsor of any prepaid legal services plan, or authorized representative thereof, may contract with any company licensed to transact life or casualty insurance in this state, under which contracts such company agrees, for a consideration consisting of a specified premium to assume the monetary obligations of the plan to provide or pay for the legal services covered by the subscription contracts issued under such plan, upon the failure of the plan itself to meet such obligations within a specified period. The duration of such contracts shall not be longer than three (3) years, and every such contract shall be filed with and subject to the approval of the commissioner for the fairness of its terms and premiums. The contracts shall be deemed approved ninety (90) days after date of filing with the commissioner, unless, prior to the expiration of such ninety-day period, the commissioner notifies the sponsor of the prepaid legal services plan in writing of the commissioner's disapproval. Any sponsor entering into such contracts shall fairly disclose to all subscribers affected by them the nature and extent of the extra protection provided by them. Any plan having lawful access to any other source of funds besides the premiums collected, which may be used to meet the obligations of the plan under its subscription contracts, shall make similar fair disclosure to affected subscribers.   Any sponsor of any prepaid legal services plan, or authorized representative thereof, may contract with any person to provide administrative services necessary to the administration of the plan and the subscription contracts issued thereunder. The duration of such contracts shall not be longer than three (3) years, and every such contract shall be filed with and subject to the approval of the commissioner as to the fairness of its terms. The contracts shall be deemed approved ninety (90) days after the date of filing with the commissioner unless, prior to the expiration of such ninety-day period, the commissioner notifies the sponsor of the prepaid legal services plan in writing of the commissioner's disapproval.
MS Code § 83-49-19 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 49 - Legal Expense Insurance|§ 83-49-19. Advertising standards

 All advertising and solicitation concerning prepaid legal services plans shall be conducted in a simple, dignified manner. Every item of advertising or solicitation shall conform with the following standards:   The form and content of any advertisement or solicitation shall be accurate and shall be sufficiently complete and clear to avoid deception or the capacity or tendency to mislead or deceive. Whether an advertisement has a capacity or tendency to mislead or deceive shall be determined by the commissioner from the overall impression that the advertisement may be reasonably expected to create upon a person of average education or intelligence, within the segment of the public to which it is directed, or within a segment of the public to which such advertisement may be reasonably calculated to reach.   All advertisements and solicitations shall be truthful and not misleading in fact or in implication. Words or phrases, the meaning of which is clear only by implications or by familiarity with insurance terminology, shall not be used.   Advertising and solicitation which include references to the legal rights or remedies of citizens shall be legally accurate.   Advertising and solicitation which include references to the particular characteristics of one or more sponsors or prepaid legal services plans, or which compare one or more sponsors or prepaid legal services plans, shall be truthful and not misleading.   No such advertising or solicitation shall contain the name, address, telephone number or any other identifying information about any attorney, and no such advertising or solicitation shall extol the alleged virtues or qualifications or point out the alleged shortcomings of any attorney, whether named or not.
MS Code § 83-49-21 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 49 - Legal Expense Insurance|§ 83-49-21. Provisions of §§ 83-5-29 through 83-5-51 applicable to plan sponsors

 The provisions of Sections 83-5-29 through 83-5-51 applicable to "insurers" shall apply to sponsors as defined in this chapter and for the purpose of determining whether a violation of Sections 83-5-29 through 83-5-51 has occurred, a "sponsor" as defined in this chapter shall be deemed to be a "person" as used in Sections 83-5-29 through 83-5-51, whichever is applicable.
MS Code § 83-49-23 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 49 - Legal Expense Insurance|§ 83-49-23. Capitalization of sponsors other than insurers; impairment

 No license or renewal license under this chapter shall be issued to a sponsor other than an insurer as defined herein, unless such sponsor:   Shall possess as minimum capital and thereafter maintain a minimum balance of at least Five Thousand Dollars ($5,000.00) in its capital accounts as shown in its annual report to the commissioner. Provided, the commissioner shall, in his discretion, require such higher amounts of capital as he deems necessary for the protection of the public;   Shall deposit with the commissioner securities acceptable to the commissioner in the amount of Twenty-five Thousand Dollars ($25,000.00), or shall file with the commissioner a bond to be approved by the commissioner and made payable to the commissioner or his successors in office executed by such applicant as principal and by a corporate surety authorized to do business in this state in the penal sum of Twenty-five Thousand Dollars ($25,000.00), conditioned that the sponsor will conduct his business in accordance with the provisions of this chapter and the laws of this state, and that the sponsor will properly account for all moneys collected in connection therewith. Such bond shall remain in full force and effect until the surety is released from liability by the commissioner or until the bond is cancelled by the surety and no such bond shall be cancelled or terminated unless prior to such cancellation or termination thirty (30) days' written notice is filed with the commissioner; and   Shall maintain at all times a surplus, after deduction of reserves and exclusive of capital, of not less than twice the amount of capital required by paragraph (a), provided, however, in no case shall such surplus required to be maintained exceed Ten Thousand Dollars ($10,000.00). If at any time the surplus of such sponsor shall be less than the surplus set out in this paragraph, such sponsor shall be considered impaired; and it shall be the duty of the secretary-treasurer, directors and other proper officers of such sponsor to report any such impairment of surplus to the commissioner of insurance of this state in writing within ten (10) days after such impairment occurs. When any such impairment is reported, or if the commissioner of insurance should otherwise gain knowledge of the fact that the surplus of any such sponsor has been impaired, the commissioner shall forthwith suspend the certificate of authority or license of such sponsor to do business in this state until such sponsor shall raise or increase its surplus to the amount equal to that required herein.
MS Code § 83-49-25 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 49 - Legal Expense Insurance|§ 83-49-25. Annual report; contents

 Every sponsor of a prepaid legal services plan shall, annually, on or before the first day of March, file in the office of the commissioner the following items:   A statement, verified by at least two (2) of its principal officers or trustees, showing the financial condition of the plan on December 31 then next preceding, which shall be in such form and shall contain such matters as the commissioner shall prescribe;   A statistical summary listing the numbers and types of claims paid and the average dollar amount of each type of claim;   A list of the groups currently subscribing to the plan;   A statement of the name, organizational form and principal place of business of the plan, and the name, organizational form and principal place of business of the sponsor of the plan;   Copies of all advertising or solicitation material which the plan is using; and   Such other pertinent and relevant information as the commissioner may reasonably require for the proper administration of this chapter. Provided, that all information furnished under this subsection (f) shall be kept confidential by the commissioner and shall not be made public by the commissioner or any other person, without the prior written consent of the sponsor or insurer to which it pertains unless the commissioner, after giving the sponsor or insurer who would be affected thereby, notice and opportunity to be heard, determines that the interests of the subscribers, policyholders, or the public will be served by the publication thereof, in which event he may publish all or any part thereof in such manner as he may deem appropriate, except to the extent that it may be produced in any judicial or administrative proceeding and may be admissible in evidence therein.
MS Code § 83-49-29 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 49 - Legal Expense Insurance|§ 83-49-29. Hearings and proceedings to be in conformity with §§ 83-17-123 et seq

 Except as otherwise provided in this chapter, all hearings and proceedings held under this chapter shall be conducted in accordance with the provisions of Section 83-17-123 et seq. and the commissioner shall have all the powers granted to him therein.