reglab/housing_qa huggingface dataset:
MS Code § 83-30-39 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 30 - Larger Fraternal Benefit Societies|Article 7 - Contractual Benefits|§ 83-30-39. Nonforfeiture benefits, cash surrender values, certificate loans and other options

  For certificates issued prior to one (1) year after July 1, 2001, the value of every paid-up nonforfeiture benefit and the amount of any cash surrender value, loan or other option granted shall comply with the provisions of law applicable immediately prior to July 1, 2001.   For certificates issued on or after one (1) year from July 1, 2001, for which reserves are computed on the commissioner's 1941 Standard Ordinary Mortality Table, the commissioner's 1941 Standard Industrial Table or the commissioner's 1958 Standard Ordinary Mortality Table, or the commissioner's 1980 Standard Mortality Table, or any more recent table made applicable to life insurers, every paid-up nonforfeiture benefit and the amount of any cash surrender value, loan or other option granted shall not be less than the corresponding amount ascertained in accordance with the laws of this state applicable to life insurers issuing policies containing like benefits based upon such tables.
MS Code § 83-30-41 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 30 - Larger Fraternal Benefit Societies|Article 9 - Financial|§ 83-30-41. Investments

 A society shall invest its funds only in such investments as are authorized by the laws of this state for the investment of assets of life insurers, and such securities shall be valued accordingly to the methods used in valuing similar securities held by life insurers. Any foreign or alien society permitted or seeking to do business in this state which invests its funds in accordance with the laws of the state, district, territory, country or province in which it is incorporated, shall be held to meet the requirements of this chapter for the investment of funds.
MS Code § 83-30-43 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 30 - Larger Fraternal Benefit Societies|Article 9 - Financial|§ 83-30-43. Funds

  All assets shall be held, invested and disbursed for the use and benefit of the society and no member or beneficiary shall have or acquire individual rights therein or become entitled to any apportionment on the surrender of any part thereof, except as provided in the benefit contract.   A society may create, maintain, invest, disburse and apply any special fund or funds necessary to carry out any purpose permitted by the laws of such society.   A society may, pursuant to resolution of its supreme governing body, establish and operate one or more separate accounts and issue contracts on a variable basis, subject to the provisions of law regulating life insurers establishing such accounts and issuing such contracts. To the extent the society deems it necessary in order to comply with any applicable federal or state laws, or any rules issued thereunder, the society may adopt special procedures for the conduct of the business and affairs of a separate account, may, for persons having beneficial interests therein, provide special voting and other rights, including without limitation special rights and procedures relating to investment policy, investment advisory services, selection of certified public accountants, and selection of a committee to manage the business and affairs of the account, and may issue contracts on a variable basis to which Section 83-30-37(2) and (4) shall not apply.
MS Code § 83-30-45 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 30 - Larger Fraternal Benefit Societies|Article 9 - Financial|§ 83-30-45. Exemption from insurance laws

 Except as herein provided, societies shall be governed by this chapter and shall be exempt from all other provisions of the insurance laws of this state, not only in governmental relations with the state but for every other purpose. No law hereafter enacted shall apply to them unless they be expressly designated therein.
MS Code § 83-30-47 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 30 - Larger Fraternal Benefit Societies|Article 9 - Financial|§ 83-30-47. Taxation

 Every society organized or licensed under this chapter is hereby declared to be a charitable and benevolent institution, and all of its funds shall be exempt from every state, county, district, municipal and state tax other than license taxes as defined by Section 27-15-83 and ad valorem taxes on real estate, office equipment and motor vehicles.
MS Code § 83-30-49 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 30 - Larger Fraternal Benefit Societies|Article 11 - Regulation|§ 83-30-49. Valuation

  Standards of valuation for certificates issued prior to one (1) year after July 1, 2001, shall be those provided by the laws applicable immediately prior to July 1, 2001.   The minimum standards of valuation for certificates issued on or after one (1) year from July 1, 2001, shall be based on the following tables:   For certificates of life insurance - the commissioner's 1941 Standard Ordinary Mortality Table, the commissioner's 1941 Standard Industrial Mortality Table, the commissioner's 1958 Standard Ordinary Mortality Table, the commissioner's 1980 Standard Ordinary Mortality Table, or any more recent table made applicable to life insurers;   For annuity and pure endowment certificates, for total and permanent disability benefits, for accidental death benefits and for noncancelable accident and health benefits - such tables as are authorized for use by life insurers in this state.  All of the above shall be under valuation methods and standards (including interest assumptions) in accordance with the laws of this state applicable to life insurers issuing policies containing like benefits.      The commissioner may, in his or her discretion, accept other standards for valuation if the commissioner finds that the reserves produced thereby will not be less in the aggregate than reserves computed in accordance with the minimum valuation standard herein prescribed. The commissioner may, in his or her discretion, vary the standards of mortality applicable to all benefit contracts on substandard lives or other extra hazardous lives by any society authorized to do business in this state.   Any society, with the consent of the Commissioner of Insurance of the state of domicile of the society and under such conditions, if any, which the commissioner may impose, may establish and maintain reserves on its certificates in excess of the reserves required thereunder, but the contractual rights of any benefit member shall not be affected thereby.
MS Code § 83-30-51 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 30 - Larger Fraternal Benefit Societies|Article 11 - Regulation|§ 83-30-51. Annual statement

  Every society transacting business in this state shall annually, on or before March 1, unless for cause shown such time has been extended by the commissioner, file with the commissioner a true statement of its financial condition, transactions and affairs for the preceding calendar year. The statement shall be in general form and context as approved by the National Association of Insurance Commissioners for fraternal benefit societies and as supplemented by additional information required by the commissioner.   As part of the annual statement herein required, each society shall, on or before March 1, file with the commissioner a valuation of its certificates in force on December 31 last preceding, provided the commissioner may, in his or her discretion for cause shown, extend the time for filing such valuation for not more than two (2) calendar months. Such valuation shall be done in accordance with the standards specified in Section 83-30-49. Such valuation and underlying data shall be certified by a qualified actuary or, at the expense of the society, verified by the actuary of the department of insurance of the state of domicile of the society. This valuation shall not be considered or regarded as a test of the financial solvency of the society, but as an indication of the ability of the society to pay the benefits promised under its certificates without change in benefits or in rates of contribution; and each society shall be held to be legally solvent as long as the funds belonging to the society are equal to or in excess of its matured liabilities.   A society neglecting to file the annual statement in the form and within the time provided by this section may be subject to a fine of One Hundred Dollars ($100.00) for each day during which such neglect continues, and its authority to do business in this state may be suspended by the commissioner while such default continues.
MS Code § 83-30-53 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 30 - Larger Fraternal Benefit Societies|Article 11 - Regulation|§ 83-30-53. Annual license

 Societies which are now authorized to transact business in this state may continue such business until the first day of January next succeeding July 1, 2003, and the authority of such societies may hereafter be renewed annually, but in all cases to terminate on the first day of the succeeding January. However, a license so issued shall continue in full force and effect until the new license is issued or specifically refused. For each such license or renewal the society shall pay the commissioner the fees prescribed in Sections 27-15-83 and 83-5-75.
MS Code § 83-30-55 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 30 - Larger Fraternal Benefit Societies|Article 11 - Regulation|§ 83-30-55. Examination of societies; no adverse publications

  The commissioner, or any person he or she may appoint, may examine any domestic, foreign or alien society transacting or applying for admission to transact business in this state in the same manner as authorized for examination of domestic, foreign or alien insurers. Requirements of notice and an opportunity to respond before findings are made public as provided in the laws regulating insurers shall also be applicable to the examination of societies.   The expense of each examination and of each valuation, including compensation and actual expense of examiners, shall be paid by the society examined or whose certificates are valued, upon statements furnished by the Commissioner.
MS Code § 83-30-57 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 30 - Larger Fraternal Benefit Societies|Article 11 - Regulation|§ 83-30-57. Foreign or alien society - admission

 No foreign or alien society shall transact business in this state without a license issued by the commissioner. Any such society desiring admission to this state shall comply substantially with the requirements and limitations of this chapter applicable to domestic societies. Any such society may be licensed to transact business in this state upon filing with the commissioner:   A duly certified copy of its charter or articles of incorporation;   A copy of its bylaws, certified by its secretary or corresponding officer;   A power of attorney to the commissioner as prescribed in Section 83-29-31;   A statement of its business under oath of its president and secretary or corresponding officers in a form prescribed by the commissioner, duly verified by an examination made by the supervising insurance official of its home state or other state, territory, province or country, satisfactory to the commissioner;   Certification from the proper official of its home state, territory, province or country that the society is legally incorporated and licensed to transact business therein;   Copies of its certificate forms; and   Such other information as the commissioner may deem necessary;   and upon a showing that its assets are invested in accordance with the provisions of this chapter.
MS Code § 83-30-59 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 30 - Larger Fraternal Benefit Societies|Article 11 - Regulation|§ 83-30-59. Injunction - liquidation - receivership of domestic society

  When the commissioner upon investigation finds that a domestic society:   Has exceeded its powers;   Has failed to comply with any provision of this chapter;   Is not fulfilling its contracts in good faith;   Has a membership of less than four hundred (400) after an existence of one (1) year or more; or   Is conducting business fraudulently or in a manner hazardous to its members, creditors or the public;  the commissioner shall notify the society of such deficiency or deficiencies and state in writing the reasons for his or her dissatisfaction. The commissioner shall simultaneously issue a written notice to the society requiring that the deficiency or deficiencies which exist be corrected. After such notice the society shall have a thirty-day period in which to comply with the commissioner's request for correction, and if the society fails to comply, the commissioner shall take such action as is necessary and appropriate under Chapter 24 of Title 83.      The commissioner may take such action as is necessary and appropriate under this section as respects a domestic society which shall voluntarily determine to discontinue business.
MS Code § 83-30-61 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 30 - Larger Fraternal Benefit Societies|Article 11 - Regulation|§ 83-30-61. Suspension, revocation or refusal of license of foreign or alien society

  When the commissioner upon investigation finds that a foreign or alien society transacting or applying to transact business in this state:   Has exceeded its powers;   Has failed to comply with any of the provisions of this chapter;   Is not fulfilling its contracts in good faith; or   Is conducting its business fraudulently or in a manner hazardous to its members or creditors or the public;  the commissioner shall notify the society of such deficiency or deficiencies and state in writing the reasons for his or her dissatisfaction. The commissioner shall at once issue a written notice to the society requiring that the deficiency or deficiencies which exist are corrected. After such notice the society shall have a thirty-day period in which to comply with the commissioner's request for correction, and if the society fails to comply the commissioner shall notify the society of such findings of noncompliance and require the society to show cause on a date named why its license should not be suspended, revoked or refused. If on such date the society does not present good and sufficient reason why its authority to do business in this state should not be suspended, revoked or refused, the commissioner may suspend or refuse the license of the society to do business in this state until satisfactory evidence is furnished to the commissioner that such suspension or refusal should be withdrawn or the commissioner may revoke the authority of the society to do business in this state.      Nothing contained in this section shall be taken or construed as preventing any such society from continuing in good faith all contracts made in this state during the time such society was legally authorized to transact business herein.
MS Code § 83-30-63 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 30 - Larger Fraternal Benefit Societies|Article 11 - Regulation|§ 83-30-63. Injunction

 No application for injunction against or proceeding for the dissolution of or the appointment of a receiver for any domestic society, or lodge thereof, or against any foreign or alien society, shall be entertained in any court of this state unless made by the Attorney General or the commissioner.
MS Code § 83-30-65 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 30 - Larger Fraternal Benefit Societies|Article 11 - Regulation|§ 83-30-65. Licensing of agents

  Agents of societies shall be licensed in accordance with the provisions of Chapter 17 of Title 83.   No examination or license shall be required of any regular salaried officer, employee or member of a licensed society who devotes substantially all of his or her services to activities other than the solicitation of fraternal insurance contracts from the public, and who receives for the solicitation of such contracts no commission or other compensation directly dependent upon the amount of business obtained.
MS Code § 83-30-67 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 30 - Larger Fraternal Benefit Societies|Article 11 - Regulation|§ 83-30-67. Unfair methods of competition and unfair and deceptive acts and practices

 Every society authorized to do business in this state shall be subject to the provisions of Chapter 5 of Title 83 relating to unfair practices; provided, however, that nothing therein shall be construed as applying to or affecting the right of any society to determine its eligibility requirements for membership, or be construed as applying to or affecting the offering of benefits exclusively to members or persons eligible for membership in the society by a subsidiary corporation or affiliated organization of the society.
MS Code § 83-30-69 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 30 - Larger Fraternal Benefit Societies|Article 13 - Miscellaneous Provisions|§ 83-30-69. Service of process

  Every society authorized to do business in this state shall appoint in writing the commissioner and each successor in office to be its true and lawful attorney upon whom all lawful process in any action or proceeding against it shall be served, and shall agree in such writing that any lawful process against it which is served on such attorney shall be of the same legal force and validity as if served upon the society, and that the authority shall continue in force so long as any liability remains outstanding in this state. Copies of such appointment, certified by the commissioner, shall be deemed sufficient evidence thereof and shall be admitted in evidence with the same force and effect as the original thereof might be admitted.   Service shall only be made upon the commissioner, or if absent, upon the person in charge of his or her office. It shall be made in duplicate and shall constitute sufficient service upon the society. When legal process against a society is served upon the commissioner, he shall forthwith forward the duplicate copy by certified mail, prepaid, directed to the secretary or corresponding officer. No such service shall require a society to file its answer, pleading or defense in less than thirty (30) days from the date of mailing the copy of the service to a society. Legal process shall not be served upon a society except in the manner herein provided.   At the time of serving any process upon the commissioner, the plaintiff or complainant in the action shall pay to the commissioner a fee of Twenty-five Dollars ($25.00).
MS Code § 83-30-71 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 30 - Larger Fraternal Benefit Societies|Article 13 - Miscellaneous Provisions|§ 83-30-71. Penalties

  A person who shall knowingly or willfully make any false or fraudulent statement or representation in or relating to any application for membership or for the purpose of obtaining money from or a benefit in any society, shall be guilty of a misdemeanor and upon conviction thereof be fined not less than One Hundred Dollars ($100.00) nor more than Five Hundred Dollars ($500.00), or imprisonment in the county jail not less than thirty (30) days nor more than one (1) year, or both, in the discretion of the court.   Any person who shall willfully make a false or fraudulent statement in any verified report or declaration under oath required or authorized by this chapter, or of any material fact or thing contained in a sworn statement concerning the death or disability of an insured for the purpose of procuring payment of a benefit named in the certificate, shall be guilty of perjury and shall be subject to the penalties therefor prescribed by law.   Any person who solicits membership for, or in any manner assists in procuring membership in, any society not licensed to do business in this state shall upon conviction thereof be fined not less than Fifty Dollars ($50.00) nor more than Two Hundred Dollars ($200.00).   Any person guilty of a willful violation of, or neglect or refusal to comply with, the provisions of this chapter for which a penalty is not otherwise prescribed shall upon conviction thereof be fined not exceeding Two Hundred Dollars ($200.00).
MS Code § 83-30-73 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 30 - Larger Fraternal Benefit Societies|Article 13 - Miscellaneous Provisions|§ 83-30-73. Exemption of certain societies

  Nothing contained in this chapter shall be so construed as to affect or apply to grand or subordinate lodges of Masons, Odd Fellows, or Knights of Pythias exclusive of the insurance department of the supreme lodge Knights of Pythias, and the Junior Order of United American Mechanics exclusive of beneficiary degree or insurance branch of the National Council Junior Order United American Mechanics, or societies which admit to membership only persons engaged in one or more hazardous occupation in the same or similar lines of business. The Commissioner of Insurance may require from any society such information as will enable him to determine whether such society is exempt from the provisions of this chapter.   Any larger fraternal benefit society heretofore organized and incorporated and operating within the definition set forth in Section 83-30-1 providing benefits in case of death or disability resulting solely from accidents, but which does not obligate itself to pay death or sick benefits, may be licensed under the provisions of this chapter, and shall have all the privileges and shall be subject to all the provisions and regulations of this chapter, except that the provisions of this chapter as to valuations of benefit certificates shall not apply to such society.   The commissioner may require from any society or association, by examination or otherwise, such information as will enable the commissioner to determine whether such society or association is exempt from the provisions of this chapter.   Societies exempted under the provisions of this section shall also be exempt from all other provisions of the insurance laws of this state.
MS Code § 83-30-75 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 30 - Larger Fraternal Benefit Societies|Article 13 - Miscellaneous Provisions|§ 83-30-75. Review

 All decisions and findings of the commissioner made under the provisions of this chapter shall be subject to review as set forth in Section 83-6-41 or otherwise in Title 83 as respects the particular subject matter involved.
MS Code § 83-30-77 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 30 - Larger Fraternal Benefit Societies|Article 13 - Miscellaneous Provisions|§ 83-30-77. Severability

 If any provision of this chapter or the application of such provision to any circumstance is held invalid, the remainder of the chapter or the application of the provision to other circumstances, shall not be affected thereby.
MS Code § 83-31-1 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 31 - Mutual Companies|In General|§ 83-31-1. Formation

 Any number of persons not less than three (3), a majority of whom shall be bona fide residents of this state, by complying with the provisions of this chapter, may become, together with others who may hereafter be associated with them or their successors, a body corporate for the purpose of carrying on the business of mutual insurance as herein provided.
MS Code § 83-31-3 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 31 - Mutual Companies|In General|§ 83-31-3. Articles of association

 Any persons proposing to form any such company shall subscribe and acknowledge articles of association specifying:   The name, the purpose for which formed, and the location of its principal or home office;   The names and addresses of those composing the board of directors in which the management shall be vested until the first meeting of the members;   The names and places of residence of the incorporators.