reglab/housing_qa huggingface dataset:
MS Code § 83-7-111 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 7 - Life Insurance|Accelerated Benefits|§ 83-7-111. Effective date of accelerated benefit

 The accelerated benefit shall be effective on the effective date of the policy or rider.
MS Code § 83-7-113 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 7 - Life Insurance|Accelerated Benefits|§ 83-7-113. Waiver of premium

 The accelerated benefit provision may or may not provide for the waiver of premium in the absence of a regular waiver of premium provision being in effect. At the time the benefit is claimed, the company shall explain any continuing premium requirement to keep the policy in force.
MS Code § 83-7-115 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 7 - Life Insurance|Accelerated Benefits|§ 83-7-115. Discrimination amongst insureds prohibited

 Insurers shall not unfairly discriminate among insureds with differing qualifying events or among insureds with similar qualifying events. Insurers shall not apply further conditions on the payment of the accelerated benefits other than those conditions specified in the policy or rider.
MS Code § 83-7-117 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 7 - Life Insurance|Accelerated Benefits|§ 83-7-117. Disclosure to consumer of any separate identifiable premium for accelerated benefit; options; examples; pro rata reduction in cash value; non-interest bearing lien against death benefit of policy; accidental death benefit not affected by accelerated benefit

  The company shall disclose to the consumer any separate identifiable premium for the accelerated benefit. Those companies indicating that this accelerated benefit is offered without additional premium shall furnish a written explanation to the State Insurance Department when filing the product.   Two (2) options are available to finance the benefit:   The insured may make an additional premium payment or cost of insurance charge; or   The insured may take a present value of the face amount. The calculation would be based on any applicable actuarial discount appropriate to the policy design.     Companies are required to illustrate, by numerical example, any effect the payment of the accelerated benefit has on the face amount, specified amount, accumulation account, cash values, loan balance and future premiums. Each time an accelerated benefit payment is paid, the company is required to send a statement to the policy owner showing the numerical expression stated in this subsection. Upon the payment of an accelerated benefit amount, the company shall issue an endorsement to the policy to reflect any new, reduced, in-force face amount of the contract.     When an accelerated benefit is payable, the NAIC preference is for a pro rata reduction in the cash value, not a reduction of the full amount.   Alternatively, the payment of accelerated benefits can be considered a non-interest bearing lien against the death benefit of the policy or rider and the access to the cash value shall be restricted to any excess of the cash value over the sum of other outstanding loans and the lien. If the lien approach is used, any accelerated death benefit payments shall first be applied toward repaying the portion of any other outstanding policy loans which would cause the sum of the accelerated death benefit and policy loans to exceed the cash value. Future access to the cash values and to policy loans would be limited to the difference between the cash value and the sum of the lien and any other outstanding policy loans.   In either case, the death benefit may not be reduced more than the amount of the accelerated benefits paid plus any applicable actuarial discount appropriate to the policy design for policies without additional premium payments. The accidental death benefit, if any, in the policy or rider shall not be affected by the payment of the accelerated benefit.
MS Code § 83-7-119 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 7 - Life Insurance|Accelerated Benefits|§ 83-7-119. Filing valuation method and assumptions with Department of Insurance; content

 At the time of filing of the policy form, the valuation method and assumptions need to be filed with the Department of Insurance. The assumptions should reflect the statutory mortality and interest rate assumptions for life insurance policies and appropriate assumptions for the other provisions incorporated in the policy form.
MS Code § 83-7-201 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 7 - Life Insurance|Viatical Settlements|§ 83-7-201. Short title

 Sections 83-7-201 through 83-7-223 shall be known and may be cited as the "Viatical Settlements Act."
MS Code § 83-7-205 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 7 - Life Insurance|Viatical Settlements|§ 83-7-205. Viatical settlement providers, representatives and brokers to be licensed by Commissioner of Insurance; licensing requirements

  A person shall not operate as a viatical settlement provider, viatical settlement representative or viatical settlement broker without first having obtained a license from the commissioner.   Application for a viatical settlement representative or viatical settlement broker license shall be made to the commissioner by the applicant on a form prescribed by the commissioner, and these applications shall be accompanied by a fee of Fifty Dollars ($50.00).   Application for a viatical settlement provider license shall be made to the commissioner by the applicant on a form prescribed by the commissioner. All applications shall be accompanied by a fee of Two Hundred Dollars ($200.00).   Licenses may be renewed from year to year on January 1 upon payment of the annual renewal fees which shall be the same as the application fees. Failure to pay the fees by the renewal date results in expiration of the license.   If an applicant attempting to obtain a license to become a viatical settlement representative or a viatical settlement broker has not been previously licensed within the last two (2) years to sell life insurance, the commissioner shall, as a test of the applicant's knowledge and other qualifications provided herein, require that the applicant submit to a written examination approved by the commissioner.   The applicant shall provide information on forms required by the commissioner. The commissioner shall have authority, at any time, to require the applicant to fully disclose the identity of all stockholders, partners, officers, members and employees, and the commissioner may, in the exercise of the commissioner's discretion, refuse to issue a license in the name of a legal entity if not satisfied that any officer, employee, stockholder, partner or member thereof who may materially influence the applicant's conduct meets the standards of Sections 83-7-201 through 83-7-223.   Upon the filing of an application and the payment of the license fee, the commissioner shall issue a license if the commissioner finds that the applicant:   Has provided a detailed plan of operation;   Is competent and trustworthy and intends to act in good faith in the capacity involved by the license applied for;   Has a good business reputation and has had experience, training or education so as to be qualified in the business for which the license is applied for; and   If a legal entity, provides a certificate of good standing from the state of its domicile.     The commissioner shall not issue a license to a nonresident applicant, unless a written designation of an agent for service of process is filed and maintained with the commissioner or the applicant has filed with the commissioner the applicant's written irrevocable consent that any action against the applicant may be begun against the applicant by service of process on the commissioner.
MS Code § 83-7-207 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 7 - Life Insurance|Viatical Settlements|§ 83-7-207. Suspension, revocation, and refusal to renew license; hearing

  The commissioner may suspend, revoke or refuse to renew the license of a viatical settlement provider, viatical settlement representative or viatical settlement broker if the commissioner finds that:   There was any material misrepresentation in the application for the license;   The licensee or any officer, partner or key management personnel has been convicted of fraudulent or dishonest practices, is subject to a final administrative action or is otherwise shown to be untrustworthy or incompetent;   The viatical settlement provider demonstrates a pattern of unreasonable payments to viators;   The licensee has been found guilty of, or has pleaded guilty or nolo contendere to, any felony or to a misdemeanor involving fraud or moral turpitude, regardless of whether a judgment of conviction has been entered by the court;   The viatical settlement provider has failed to honor contractual obligations set out in a viatical settlement contract;   The licensee no longer meets the requirements for initial licensure;   The viatical settlement provider has assigned, transferred or pledged a viaticated policy to a person other than a viatical settlement provider licensed in this state or a financing entity; or   The licensee has violated any provision of Sections 83-7-201 through 83-7-223.     Before the commissioner shall deny a license application or suspend, revoke or refuse to renew the license of a viatical settlement provider, viatical settlement broker or viatical settlement representative, the commissioner shall conduct a hearing in accordance with Section 25-43-1 et. seq.
MS Code § 83-7-209 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 7 - Life Insurance|Viatical Settlements|§ 83-7-209. Settlement application, contract and disclosure statement forms to be filed with and approved by Commissioner of Insurance

 A person shall not provide a viator a viatical settlement application, contract or disclosure statement form in this state unless it has been filed with and approved by the commissioner. The commissioner shall disapprove a viatical settlement application, contract or disclosure statement form if, in the commissioner's opinion, the contract or provisions contained therein are unreasonable, contrary to the interests of the public or otherwise misleading or unfair to the viator.
MS Code § 83-7-211 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 7 - Life Insurance|Viatical Settlements|§ 83-7-211. Annual statement to be filed with Commissioner; identity of viator not to be disclosed except under certain conditions

  Each viatical settlement provider issued a license under Sections 83-7-201 through 83-7-223 shall file with the commissioner on or before March 1 of each year an annual statement containing such information as the commissioner by rule may prescribe.   Except as otherwise allowed or required by law, a viatical settlement provider, viatical settlement representative, viatical settlement broker, insurance company, insurance agent, insurance broker, information bureau, rating agency or company, or any other person with actual knowledge of a viator's identity, shall not disclose that identity as a viator to any other person unless the disclosure:   Is necessary to effect a viatical settlement between the viator and a viatical settlement provider and the viator has provided prior written consent to the disclosure;   Is provided in response to an investigation by the commissioner or any other governmental officer or agency; or   Is a term of or condition to the transfer of a viaticated policy by one viatical settlement provider to another viatical settlement provider.
MS Code § 83-7-213 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 7 - Life Insurance|Viatical Settlements|§ 83-7-213. Examination of records, books, files and other information; provider to maintain records of each settlement until 5 years after death of insured

  The commissioner, when the commissioner deems it reasonably necessary to protect the interests of the public, may examine the business and affairs of any licensee or applicant for a license. The commissioner may order any licensee or applicant to produce any records, books, files or other information reasonably necessary to ascertain whether or not the licensee or applicant is acting or has acted in violation of the law or otherwise contrary to the interests of the public. The expenses incurred in conducting any examination shall be paid by the licensee or applicant.   Names and individual identification data for all viators shall be considered private and confidential information and shall not be disclosed by the commissioner unless required by law.   Records of all transactions of viatical settlement contracts shall be maintained by the viatical settlement provider and shall be available to the commissioner for inspection during reasonable business hours. A viatical settlement provider shall maintain records of each viatical settlement until five (5) years after the death of the insured.
MS Code § 83-7-219 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 7 - Life Insurance|Viatical Settlements|§ 83-7-219. Authority of Commissioner to adopt rules and regulations

 The commissioner may:   Promulgate rules and regulations implementing Sections 83-7-201 through 83-7-223;   Establish standards for evaluating reasonableness of payments under viatical settlement contracts. This authority includes, but is not limited to, regulation of discount rates used to determine the amount paid in exchange for assignment, transfer, sale, devise or bequest of a benefit under a life insurance policy;   Establish appropriate licensing requirements, fees and standards for continued licensure for viatical settlement providers, representatives and brokers;   Require a bond or other mechanism for financial accountability for viatical settlement providers; and   Adopt rules governing the relationship and responsibilities of both insurers and viatical settlement providers, brokers and representatives during the viatication of a life insurance policy or certificate.
MS Code § 83-7-221 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 7 - Life Insurance|Viatical Settlements|§ 83-7-221. Violations of provisions considered unfair trade practice

 A violation of Sections 83-7-201 through 83-7-223 shall be considered an unfair trade practice under Section 83-5-29 et seq. and the violator is subject to the penalties therein.
MS Code § 83-7-223 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 7 - Life Insurance|Viatical Settlements|§ 83-7-223. Continuation of viatical settlement business pending approval or disapproval of license application filed on or before July 1, 2000

 A viatical settlement provider, viatical settlement representative or viatical settlement broker transacting business in this state may continue to do so pending approval or disapproval of the provider's, representative's or broker's application for a license if the application is filed with the commissioner by July 1, 2000.
MS Code § 83-7-301 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 7 - Life Insurance|Unclaimed Life Insurance Benefits Act|§ 83-7-301. Short title

 Sections 83-7-301 through 83-7-313 shall be known as the "Unclaimed Life Insurance Benefits Act."
MS Code § 83-7-303 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 7 - Life Insurance|Unclaimed Life Insurance Benefits Act|§ 83-7-303. Purpose

 Sections 83-7-301 through 83-7-313 confirm the applicability of the escheat and unclaimed property statutes of Mississippi to any method of payment for life insurance death benefits regulated by the Mississippi Department of Insurance, and establish the sole standards by which such escheat and unclaimed property statutes are applicable to such payments.
MS Code § 83-7-305 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 7 - Life Insurance|Unclaimed Life Insurance Benefits Act|§ 83-7-305. Definitions

 As used in Sections 83-7-301 through 83-7-313:   "Account owner" means the owner of a retained asset account who is a resident of this state.   "Annuity" means an annuity contract issued in this state. The term "annuity" shall not include any annuity contract used to fund an employment-based retirement plan or program where the insurer takes direction from the plan sponsor and plan administrator.   "Death master file" means the United States Social Security Administration's Death Master File or any other database or service that is at least as comprehensive as the United States Social Security Administration's Death Master File for determining that a person has reportedly died.   "Death master file match" means a search of the death master file that results in a match of a person's name and social security number, or the name and date of birth.   "Insurer" means a life insurance company as defined in Section 83-7-1.   "Knowledge of death" shall, for purposes of Sections 83-7-301 through 83-7-313, for purposes of Section 83-7-6, and for purposes of establishing the presumption of abandonment of funds held or owing by a life insurance corporation under Section 89-12-7 mean (i) receipt of an original or valid copy of a certified death certificate, or (ii) a death master file match validated by a secondary source by the insurer.   "Person" means the policy owner, insured, annuity owner, annuitant or account owner, as applicable under the policy, annuity, or retained asset account subject to Sections 83-7-301 through 83-7-313.   "Policy" means any policy or certificate of life insurance issued in this state; except the term "policy" shall not include (i) any policy or certificate of life insurance that provides a death benefit under an employee benefit plan subject to The Employee Retirement Income Security Act of 1974 [29 USC 1002], as periodically amended, or under any federal employee benefit program, (ii) any policy or certificate of life insurance that is used to fund a preneed funeral contract or prearrangement, (iii) any policy or certificate of credit life or accidental death insurance, (iv) any policy or certificate of industrial life insurance, or (v) any policy issued to a group master policyholder for which the insurer does not provide record keeping services.   "Record keeping services" means those circumstances under which the insurer has agreed with a group policyholder to be responsible for obtaining, maintaining and administering in its own systems information about each individual insured under an insured's group insurance contract (or a line of coverage thereunder), at least the following information: (i) social security number or name and date of birth, (ii) beneficiary designation information, (iii) coverage eligibility, (iv) benefit amount, and (v) premium payment status.
MS Code § 83-7-309 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 7 - Life Insurance|Unclaimed Life Insurance Benefits Act|§ 83-7-309. Insurer unclaimed property reporting

 In the event that an insurer: (a) has identified a person as deceased through a death master file match through a search described in Section 83-7-307(1) or other information source, (b) has validated such information through a secondary information source, and (c) is unable to locate a beneficiary under the policy, annuity or retained asset account after conducting reasonable search efforts during the period of up to one (1) year after the insurer's validation of the death master file match, or if no beneficiary, if the person, as applicable for unclaimed reporting purposes, has a last-known address in this state, then the insurer is authorized to report and remit the proceeds of such policy, annuity or retained asset account due to the state on an early reporting basis, without further notice or consent by the state, after attempting to contact such beneficiary pursuant to Section 89-12-7. Once reported and proceeds are remitted, the insurer shall be relieved and indemnified from any and all additional liability to any person relating to the proceeds reported and remitted, including, but not limited to, any liability under for all proceeds reported and remitted to the state pursuant to Sections 83-7-301 through 83-7-313. This indemnification from liability shall be in addition to any other protections provided by law. Any proceeds remitted to the state pursuant to Sections 83-7-301 through 83-7-313 shall be deposited in the Abandoned Property Fund maintained by the State Treasurer.
MS Code § 83-7-311 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 7 - Life Insurance|Unclaimed Life Insurance Benefits Act|§ 83-7-311. Limitation on promulgation of rules or regulations that impose additional duties on insurers beyond those set out in Sections 83-7-301 through 83-7-313

 Neither the Commissioner of Insurance nor the State Treasurer shall promulgate rules, regulations or issue bulletins that impose, or interpret Sections 83-7-301 through 83-7-313 to impose, additional duties and obligations on insurers beyond those set forth in Sections 83-7-301 through 83-7-313, or otherwise attempt to expand the requirements of Sections 83-7-301 through 83-7-313.
MS Code § 83-7-313 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 7 - Life Insurance|Unclaimed Life Insurance Benefits Act|§ 83-7-313. Effect of certain agreements between insurers and Commissioner of Insurance or State Treasurer

 In the event that any resolution agreement, regulatory settlement agreement, or a voluntary disclosure agreement between an insurer who has used the death master file to terminate annuity payments but not to locate life beneficiaries and the Commissioner of Insurance or the State Treasurer conflicts with Sections 83-7-301 through 83-7-313, the terms of the agreement shall supersede Sections 83-7-301 through 83-7-313.
MS Code § 83-9-1 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 9 - Accident, Health and Medicare Supplement Insurance|Accident and Health Insurance|§ 83-9-1. Definition of accident and sickness insurance policy

 The term "policy of accident and sickness insurance," as used in Sections 83-9-1 through 83-9-21, includes any individual or group policy or contract of insurance against loss resulting from sickness or from bodily injury, including dental care expenses resulting from sickness or bodily injury, or death by accident, or accidental means, or both.
MS Code § 83-9-4 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 9 - Accident, Health and Medicare Supplement Insurance|Accident and Health Insurance|§ 83-9-4. Commissioner may disapprove policy form, amendatory rider or endorsement currently in effect under certain circumstances; procedure; applicability

  The Commissioner of Insurance may disapprove a policy form, amendatory rider or endorsement currently in effect if the commissioner finds that a portion or all of the policy form, amendatory rider or endorsement:   Is in any respect in violation of any state or federal laws; or   Contains or incorporates by reference any inconsistent, ambiguous or misleading clauses or exceptions and conditions.     If the commissioner disapproves a policy form, amendatory rider or endorsement currently in effect, the commissioner shall issue an order only after a hearing held on not less than thirty (30) days written notice to the filing insurer. The insurer may waive the hearing. The commissioner shall issue an order within thirty (30) days after the close of the hearing or within thirty (30) days after the filing of a waiver of hearing and shall specify in what respects the policy form, amendatory rider or endorsement fails to meet the requirements of this section. The commissioner may extend the thirty-day period for issuance of an order for an additional thirty (30) days.   This section may apply to any health insurance policy or employee health benefit plan which is delivered, renewed, issued for delivery, or otherwise contracted for in this state, but shall not apply to any policy of disability income insurance or long-term care insurance.   The commissioner may promulgate rules and regulations necessary to carry out the provisions of this section.