reglab/housing_qa huggingface dataset:
MS Code § 83-31-5 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 31 - Mutual Companies|In General|§ 83-31-5. Name must contain the word "mutual."

 No name shall be adopted by such company which does not contain the word "mutual," or which is so similar to any name already in use by any such existing corporation, company, or association, organized or doing business in the United States, as to be confusing or misleading.
MS Code § 83-31-7 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 31 - Mutual Companies|In General|§ 83-31-7. Commissioner of Insurance to approve articles

 Such articles of association shall be submitted to the commissioner of insurance, herein designated "commissioner," and if prepared in accordance with this chapter, he shall approve and file the same in his office.
MS Code § 83-31-9 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 31 - Mutual Companies|In General|§ 83-31-9. Corporate powers

 The company shall have legal existence from the approval and filing of such articles in the office of the commissioner. The board of directors named in such articles may thereupon adopt bylaws and proceed to transact the business of such company, provided that no insurance shall be put into force until the company has been licensed to transact insurance as provided by this chapter. The company shall have succession for the time limited in its articles of association; may determine the manner of calling and conducting the meetings and the mode of voting by proxy; may elect all necessary officers and prescribe the duties and tenure of officers; may sue and be sued and prosecute and be prosecuted to judgment and satisfaction before any court; may have a corporate seal; may contract and be contracted with within the limits of its corporate powers; may buy, hold and sell real estate and personal property; may borrow money and secure the payment of same by mortgage or otherwise.
MS Code § 83-31-10 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 31 - Mutual Companies|In General|§ 83-31-10. Existence in perpetuity; extension of time of life to perpetuity

  Whenever the period of existence of a mutual insurance company created with a life of fifty (50) years expires before March 4, 1993, then every such mutual company that continues to do business for ninety (90) days after March 4, 1993, by the doing of such business shall be deemed to have accepted an extension of the time of life of such mutual company to that of perpetuity. Such mutual company shall continue in existence as a de jure mutual company as fully and completely as if the articles of association had been thus amended before the end of the original fifty-year period. Likewise, whenever the period of existence of a mutual company created for a period of fifty (50) years expires hereafter, if such mutual company continues to do business thereafter for a period of ninety (90) days, the same shall operate as an acceptance of an extension of time of the life of such mutual company to that of perpetuity. Such mutual company shall continue in existence as a de jure mutual company as fully and completely as if the articles of association had been thus amended before the end of the original fifty-year period.   When a mutual insurance company amends its articles of association in accordance with this section, it shall file within ninety (90) days thereafter in the Office of the Commissioner of Insurance a copy of the amended articles of association to show the extension of the time of life of such mutual company.   This section shall in no way nullify any suit or claim accrued or to accrue before March 4, 1993.
MS Code § 83-31-11 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 31 - Mutual Companies|In General|§ 83-31-11. Kind of insurance authorized

 Any company organized under the provisions of this chapter is empowered and authorized to make contracts of insurance or to reinsure or accept reinsurance, or any portion thereof, to the extent specified in its articles of association for the kinds of insurance following:   Fire insurance. - Against loss or damage to property and loss of use and occupancy by fire, lightning, hail, tempest, flood, earthquake, frost or snow, explosion, fire ensuing, and explosion, no fire ensuing, except explosion by steam boilers or flywheel; against loss or damage by water caused by the breakage or leakage of sprinklers, pumps, or other apparatus, water pipes, plumbing, or their fixtures, erected for extinguishing fires, and against accidental injury to such sprinklers, pumps, other apparatus, water pipes, plumbing, or fixtures; against the risks of inland transportation and navigation; upon automobiles, whether stationary or operated under their own power, against loss or damage by any of the causes or risks specified in this subsection, including also transportation, collision, liability, for damage to property resulting from owning, maintaining, or using automobiles, and including burglary and theft but not including loss or damage by risk of bodily injury to the person.   Liability insurance. - Against loss, expense, or liability by risk of bodily injury to death by accident, disability, sickness, or disease suffered by others for which the insured may be liable or have assumed liability, including workman's compensation.   Disability insurance. - Against bodily injury or death by accident and disability by sickness.   Automobile insurance. - Against any or all loss, expense, and liability resulting from the ownership, maintenance, or use of any automobile or other vehicle, provided no policies shall be issued under this subsection against the hazard of fire alone.   Steam boiler insurance. - Against loss or liability to persons or property resulting from explosions or accidents to boilers, containers, pipes, engines, flywheels, elevators, and machinery in connection therewith, and against loss of use and occupancy caused thereby, and to make inspection and issue certificates of inspection thereon.   Use and occupancy insurance. - Against loss from interruption of trade or business which may be the result of any accident or casualty.   Life insurance. - To carry on the business commonly known as life insurance on the mutual plan, or disability insurance; to contract for the payment of endowments or annuities, or make and enter into such other contracts conditioned upon the continuance or cessation of human life.   Miscellaneous insurance. - Against loss or damage by any hazard upon any risk not provided for in this section, which is not prohibited by statute or at common law from being the subject of insurance.
MS Code § 83-31-13 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 31 - Mutual Companies|In General|§ 83-31-13. May reinsure certain risks

  A mutual company transacting fire, casualty, or multiple line insurance business under the laws of this state, with the approval of the commissioner of insurance, may reinsure all risks undertaken by it in any company authorized to transact a similar class of insurance business in this state, and may transfer to the company assuming such risks all or such of its assets, reserves, liabilities, and obligations of every character as the agreement approved by the commissioner shall provide.   This section shall not prevent such a company from reinsuring any risks or fractional parts thereof, not situated in this state, in any company licensed by the state in which such risks are located.
MS Code § 83-31-15 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 31 - Mutual Companies|In General|§ 83-31-15. Fraternal societies may be converted

 Any fraternal benefit society organized under the laws of this state may be converted into a mutual life or mutual life and disability insurance company, so as to come within the provisions of all laws governing mutual companies and operate under this chapter upon the terms and conditions as follows:   Whenever the supreme governing legislative body of any fraternal benefit society incorporated under the laws of this state shall, by two-thirds (2/3) vote, determine that a change or conversion from a fraternal benefit society to a regular mutual life or disability insurance company shall be to the best interests of the society and its members, or whenever a majority of the members in good standing of any such domestic fraternal benefit society shall, in writing, signify their desire for such conversion, then, in either event, said fraternal benefit society may adopt and file with the insurance commissioner of Mississippi an amendment to its articles of incorporation, authorizing it to be converted from a fraternal to a domestic mutual life or disability insurance company; and said amendment shall become operative upon its approval by and filing with the insurance commissioner, unless a later time be provided in said amendment. If the amendment is approved by the insurance commissioner, he shall issue his certificate of approval in writing. Thereafter the company shall have legal existence as a domestic mutual life or disability insurance company, may reorganize by the election of a board of directors and the adoption of bylaws, and proceed to transact the business of such company in accordance with and be subject to all of the terms and provisions of this chapter governing mutual companies.   Provided, however, that no such conversion from a fraternal benefit society to a regular mutual life or disability insurance company shall be had unless written notice of such proposed change be deposited in the United States mail, registered and postage prepaid, to each member of such fraternal benefit society at his last known post office address at least ninety (90) days before the proposed change or conversion is to be acted upon by said supreme governing body; but the notice provided herein shall not apply to or be required of any fraternal benefit society whose district councils, or state or division grand lodges composed of delegates from branch councils or subordinate lodges, have by a two-thirds (2/3) vote already authorized or instructed its national council or supreme legislative governing body to change or convert their society into said mutual life and disability company before April 10, 1924.
MS Code § 83-31-17 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 31 - Mutual Companies|In General|§ 83-31-17. Principal office

 Any mutual life insurance company may acquire, own, or maintain a principal office, by and with the written consent of the insurance commissioner, in any state in which said company is admitted to do business, and may provide that the meetings of its board of directors or governing body may be held at said principal office. All business transacted at said principal office shall be as valid in all respects as if the meetings of the board of directors or governing body were held in this state.
MS Code § 83-31-19 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 31 - Mutual Companies|In General|§ 83-31-19. Certain companies not affected

 The provisions of this chapter shall not apply to foreign mutual reserve insurance companies doing business in this state upon the legal reserve plan.
MS Code § 83-31-21 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 31 - Mutual Companies|In General|§ 83-31-21. License

 No such company shall issue policies or transact any business of insurance unless it shall hold a license from the commissioner authorizing the transaction of such business. Such license shall not be issued until and unless the company shall have in paid-up or contributed surplus the amount required in Section 83-19-73.
MS Code § 83-31-23 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 31 - Mutual Companies|In General|§ 83-31-23. Corporations and associations may hold policies

 Any public or private corporation, board, or association in this state or elsewhere may make application, enter into agreements for, and hold policies in any such mutual insurance company. Any officer, stockholder, trustee, or legal representative of any such corporation, board, association, or estate may be recognized as acting for or on its behalf for the purpose of such membership; but shall not be personally liable upon such contract of insurance by reason of acting in such representative capacity. The right of any corporation organized under the laws of this state to participate as a member of any such mutual insurance company is hereby declared to be incidental to the purpose for which such corporation is organized, and as much granted as the rights and powers expressly conferred.
MS Code § 83-31-25 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 31 - Mutual Companies|In General|§ 83-31-25. Voting of members

 Every member of the company shall be entitled to one vote, or to a number of votes based upon the insurance in force, the number of policies held, or the amount of premiums paid, as may be provided in the bylaws.
MS Code § 83-31-27 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 31 - Mutual Companies|In General|§ 83-31-27. Premiums

 The maximum premium payable by any member shall be expressed in the policy or in the application for the insurance. Such maximum premium may be a cash premium and an additional contingent premium not less than the cash premium, or may be solely a cash premium. No policy shall be issued for a cash premium without an additional contingent premium unless the company has a surplus which is not less in amount than the capital stock required of domestic stock insurance companies transacting the same kind of insurance.
MS Code § 83-31-29 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 31 - Mutual Companies|In General|§ 83-31-29. Investment of assets

 No such company shall invest any of its assets except in accordance with the laws of this state relating to the investment of the assets of domestic stock companies transacting the same kind of insurance.
MS Code § 83-31-31 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 31 - Mutual Companies|In General|§ 83-31-31. Reserves and unearned premiums

 Such company shall maintain unearned premium and other reserves separately for each kind of insurance, upon the same basis as that required of domestic stock insurance companies transacting the same kind of insurance; provided, that any reserve for losses or claims based upon the premium income shall be computed upon the net premium after deducting any so-called dividend or premium returned or credited to the member.
MS Code § 83-31-33 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 31 - Mutual Companies|In General|§ 83-31-33. Deficiency in assets

 Such company not possessed of assets at least equal to the unearned premium reserve and other liabilities shall make an assessment upon its members liable to assessment to provide for such deficiency, such assessment to be against each such member in proportion to such liability as expressed in his policy. The commissioner may, by written order, relieve the company from an assessment or other proceedings to restore such assets during the time fixed in such order.
MS Code § 83-31-35 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 31 - Mutual Companies|In General|§ 83-31-35. Money advanced by officers or members

 Any director, officer, or member of any such company, or any other person, may advance to such company any sum or sums of money necessary for the purpose of its business or to enable it to comply with any of the requirements of the law. Such moneys and such interest thereon as may have been agreed upon, not exceeding ten percent (10%) per annum, shall not be a liability or claim against the company or any of its assets, except as herein provided, and shall be repaid only out of the surplus earnings of such company. No commission nor promotion expenses shall be paid in connection with the advance of any such money to the company, and the amount of such advance shall be reported in each annual statement.
MS Code § 83-31-37 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 31 - Mutual Companies|In General|§ 83-31-37. Delivery of policies through licensed agents

 Such mutual company shall comply with the provisions of any law applicable to any stock insurance companies effecting the same kind of insurance requiring that policies be countersigned and delivered through a licensed agent. This requirement shall not apply to any policy of such mutual company on which no commission shall be paid to any local agent. Such mutual company may insert, in any form of policy prescribed by the law of this state, such provisions or conditions required by its plan of insurance which are not inconsistent or in conflict with any law of this state. Such policy, in lieu of conforming to the language and form prescribed by such law, may conform thereto in substance, if such policy includes a provision or endorsement reciting that the policy shall be construed as if in the language and form prescribed by such law, and a copy of such policy and endorsement, if any, shall have been first filed with and shall not have been disapproved by the commissioner.
MS Code § 83-31-39 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 31 - Mutual Companies|In General|§ 83-31-39. Admission of foreign mutual companies

 Any mutual insurance company organized outside of this state and authorized to transact the business of insurance on the mutual plan in any state, district, or territory, except foreign mutual life insurance companies doing business upon the legal reserve plan, shall be admitted and licensed to transact the kinds of insurance authorized by its charter or articles of association to the extent and with the powers and privileges specified in this chapter when it shall be solvent under this chapter and shall have complied with the following requirements:   Filed with the commissioner a certified copy of its charter or articles of association;   Filed with the commissioner a copy of its bylaws certified to by its secretary;   Appointed the commissioner its agent for the service of process in any action, suit, or proceedings in any court of this state, which authority shall continue as long as any liability shall remain outstanding in this state;   Filed a financial statement under oath, in such form as the commissioner may require, and have complied with other provisions of law applicable to the filing of papers and furnishing information by stock companies on application for authority to transact the same kind of insurance.   If organized without the United States, make and maintain the deposit required of stock insurance companies formed without the United States transacting the same kind of insurance. Upon compliance by any such foreign company with the provisions in this section, such company shall be licensed and authorized to transact business in this state, subject to all the provisions of law relating to information to and examinations by the commissioner, annual reports, taxes, and the renewal of license applicable to stock insurance companies transacting the same kind of insurance, except as otherwise provided in this chapter.
MS Code § 83-31-41 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 31 - Mutual Companies|In General|§ 83-31-41. Annual reports

 Every such mutual insurance company shall make its annual report in such form and submit to such examinations as may be required by the commissioner of insurance. As far as practicable, such examinations of foreign mutual insurance companies shall be made in co-operation with the insurance departments of other states, and the forms of annual report shall be such as are in general use throughout the United States.
MS Code § 83-31-43 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 31 - Mutual Companies|In General|§ 83-31-43. Applicability of other laws

  Except as expressly exempted by this chapter, all mutual companies organized or admitted to do business in this state shall be subject to any and all other laws of this state governing insurance companies.   All laws enacted whereby the Commissioner of Insurance of the State of Mississippi is granted general authority as to reports, audits, regulations, supervisions, reorganizations or liquidations shall be applicable to all public and private corporations, boards or associations organized under the provisions of this title and chapter regardless of any provisions of law or statute to the contrary.
MS Code § 83-31-45 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 31 - Mutual Companies|In General|§ 83-31-45. Taxation of premium receipts

  The taxable premium or premium receipts of any mutual insurance company organized or admitted in this state under this chapter for the purpose of taxation under any law of this state shall be the gross premiums received for direct insurance upon property or risks in this state, deducting premiums upon policies not taken and premiums returned on cancelled policies and also any refund or return made to the policyholder other than for loss. Such mutual insurance companies shall pay into the State Treasury through the State Tax Commission a premium tax in accordance with the provisions of Section 27-15-103 et seq.   In the event that the Mississippi Supreme Court or another court finally adjudicates that any tax levied prior to July 1, 1985, under the provisions of this section was collected unconstitutionally and that a liability for a credit or refund for such collection has accrued, then the rate of tax set forth above shall be increased to four percent (4%) for a period of six (6) years beginning July 1 following such adjudication.
MS Code § 83-31-47 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 31 - Mutual Companies|In General|§ 83-31-47. Merger with foreign mutual insurance company

  A domestic mutual insurance company may effect a merger with one or more domestic mutual insurance companies, or with one or more foreign mutual insurance companies, if such merger is authorized by the laws of the state under which each such foreign company is organized.   The Commissioner of Insurance shall review and approve the plan to merge the mutual insurance companies before submission of the plan to the eligible members for their consideration and vote. The plan must be approved by two-thirds (2/3) of those eligible members who vote in person or by proxy at a duly called eligible members' meeting to consider the plan of merger. The commissioner may require mutual companies to comply with appropriate requirements as that analogous to those of a stock company merger under Sections 83-6-24 and 83-19-99.
MS Code § 83-31-101 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 31 - Mutual Companies|Mississippi Mutual Insurance Company Conversion, Reorganization and Merger Act|§ 83-31-101. Short title

 The provisions of Sections 83-31-101 through 83-31-181 may be cited as the "Mississippi Mutual Insurance Company Conversion, Reorganization and Merger Act."