reglab/housing_qa huggingface dataset:
MS Code § 83-31-145 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 31 - Mutual Companies|Mississippi Mutual Insurance Company Conversion, Reorganization and Merger Act|§ 83-31-145. Definitions applicable to mutual insurance holding company provisions

 As used in Sections 83-31-145 through 83-31-181, the following items shall have the meaning ascribed herein unless the context indicates otherwise:   "Mutual insurance holding company" means an incorporated entity without permanent capital stock that is organized under Section 83-31-145 et seq. and whose members are determined in accordance with such provisions.   "Subsidiary insurance company" means a stock insurance company, the majority of the voting shares of the capital stock of which are at all times owned by a mutual insurance holding company. For these purposes, "majority of the voting shares of the capital stock" means shares of the capital stock of a company which carry the right to cast a majority of the votes entitled to be cast by all of the outstanding shares of the capital stock for the election of directors, other than securities having voting power only because of the occurrence of a contingency. The ownership of a majority of the voting shares of the capital stock of a former mutual insurance company reorganized under Sections 83-31-145 through 83-31-181 which voting shares are required by Sections 83-31-145 through 83-31-181 to be at all times owned by a mutual insurance holding company includes indirect ownership through one or more intermediate holding companies. However, indirect ownership through one or more intermediate holding companies shall not result in a mutual insurance holding company owning less than the equivalent of a majority of the voting shares of the capital stock of the former mutual reorganized insurance company.   "Intermediate holding company" means a holding company which is a subsidiary of a mutual insurance holding company and which directly or through a subsidiary intermediate holding company owns a majority of the voting shares of the capital stock of one or more subsidiary insurance companies.   "Plan of reorganization" means a plan adopted under Sections 83-31-145 through 83-31-181 by the board of directors of a domestic mutual insurance company to reorganize as provided in Section 83-31-151.   "Mutual insurance company" means a domestic mutual insurance company formed pursuant to Section 83-31-1 et seq. except for domestic mutual insurance companies that have active life insurance or annuities products in force.
MS Code § 83-31-149 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 31 - Mutual Companies|Mississippi Mutual Insurance Company Conversion, Reorganization and Merger Act|§ 83-31-149. Domestic mutual insurance holding company powers and compliance with nonprofit private corporation provisions

 Domestic mutual insurance holding companies shall have all the powers and authority and shall be subject to the requirements applicable to Mississippi nonprofit private corporations under Section 79-11-101 et seq., except:   A mutual insurance holding company shall be organized exclusively under Sections 83-31-145 through 83-31-181 and shall be a mutual company without capital stock.   The articles of association of the mutual insurance holding company and any amendment to such articles or restatement of such articles shall be subject to the approval of the commissioner for compliance with the provisions of Sections 83-31-145 through 83-31-181 before filing with the Mississippi Secretary of State and shall contain the name of the mutual insurance holding company, which shall include the word "mutual."   To the extent that the provisions of Section 79-11-101 et seq. conflict with the provisions of Sections 83-31-47 or 83-31-101 through 83-31-181, the insurance laws of the State of Mississippi or the regulations of the commissioner, then such provisions of Sections 83-31-47 or 83-31-101 through 83-31-181, the insurance laws of the State of Mississippi or the regulations of the commissioner shall control.
MS Code § 83-31-151 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 31 - Mutual Companies|Mississippi Mutual Insurance Company Conversion, Reorganization and Merger Act|§ 83-31-151. Reorganization and subsidiaries

  A domestic mutual insurance company, by itself or together with one or more other mutual insurance companies, under a plan of reorganization, may reorganize as a mutual insurance holding company system that must consist of a mutual insurance holding company and one or more controlled subsidiaries and which may consist of one or more intermediate stock holding companies and other subsidiaries as permitted by Section 83-6-1 et seq. The reorganization may be effected by the organization of one or more companies, amendment or restatement of the articles of association and bylaws of one or more companies, transfer of assets and liabilities among two (2) or more companies, issuance, acquisition or transfer of capital stock of one or more companies or merger or consolidation of two (2) or more companies. On and after the effective date of a plan of reorganization, the mutual insurance holding company shall at all times own, directly or indirectly, a majority of the voting shares of each controlled subsidiary and any intermediate stock holding company.   All of the initial shares of the capital stock of the insurance company which reorganized as a subsidiary insurance company shall be issued either to the mutual insurance holding company or to an intermediate holding company which is wholly owned by the mutual insurance holding company. This restriction does not preclude the subsequent issuance of additional shares of stock by an intermediate holding company or the subsidiary insurance company, subject to the approval of the commissioner and compliance with applicable law, so long as the mutual insurance holding company at all times owns directly or through one or more intermediate holding companies, a majority of the voting shares of the capital stock of the subsidiary insurance company. The membership interests of the policyholders of the subsidiary insurance company shall become membership interests in the mutual insurance holding company in accordance with the plan of reorganization. Policyholders of the subsidiary insurance company which was formerly the mutual insurer shall be members of the mutual insurance holding company in accordance with the plan of reorganization and the articles of association and bylaws of the mutual insurance holding company.
MS Code § 83-31-155 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 31 - Mutual Companies|Mississippi Mutual Insurance Company Conversion, Reorganization and Merger Act|§ 83-31-155. Dividends and distributions to members

 A mutual insurance holding company shall not be authorized to pay dividends or make distributions to mutual insurance holding company members except as may be expressly approved by the commissioner. Neither the adoption nor the implementation of a plan of reorganization leading to the formation of a mutual holding company shall be deemed to give rise to any obligation by or on behalf of a mutual insurance company to make any distribution or payment to any member or policyholder or to any other person, fund or entity of any nature whatsoever in connection with the ownership, control, benefits, policies, purpose, or nature of the mutual insurance company or otherwise.
MS Code § 83-31-159 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 31 - Mutual Companies|Mississippi Mutual Insurance Company Conversion, Reorganization and Merger Act|§ 83-31-159. Filing and approval of articles of association

  No mutual insurance holding company shall be formed unless its articles of association are approved by the commissioner before filing the articles of association with the Mississippi Secretary of State as provided by law.   The articles of association shall be effective when filed with and approved by the commissioner and also filed with the Mississippi Secretary of State or at such other delayed effective time and date as specified in the articles of association as filed.
MS Code § 83-31-161 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 31 - Mutual Companies|Mississippi Mutual Insurance Company Conversion, Reorganization and Merger Act|§ 83-31-161. Amending articles of association

  A domestic mutual insurance holding company may amend its articles of association by vote of a majority of those members present or represented by proxy at a lawful meeting of its members if the notice given members included due notice of the proposal to amend.   Upon adoption of an amendment, the articles of amendment shall be effective when filed with and approved by the commissioner and also filed with the Mississippi Secretary of State or at such other delayed effective time and date as specified in the articles of amendment.
MS Code § 83-31-163 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 31 - Mutual Companies|Mississippi Mutual Insurance Company Conversion, Reorganization and Merger Act|§ 83-31-163. Bylaws

  The initial board of directors of a mutual insurance holding company shall adopt bylaws.   The bylaws shall provide:   That each member is entitled to one (1) vote upon each matter coming to a vote at meetings of members or to more votes in accordance with a reasonable classification of members as set forth in the bylaws and based upon the amount of insurance in force with the mutual insurance holding company's subsidiaries or upon the amount of the premiums paid to the mutual insurance holding company's subsidiaries by such member or upon other reasonable factors. The bylaws shall provide that a member has the right to vote in person or by his written proxy. The bylaws may specify the mode of voting by proxy and other requirements relating to voting by proxy consistent with procedures used by mutual insurance companies in accordance with Section 83-31-9 et seq.   For the election of directors by the members and the number, qualifications, terms of office, subject to the requirements of Section 83-31-165.   For the time, notice and conduct of annual and special meetings of members and voting thereat.   For the number, designation, election, terms and powers and duties of the respective corporate officers.   For deposit, custody and disbursement of and accounting for corporate funds.   That a quorum at all annual and special meetings of members shall consist of all members present and voting in person or by proxy, after due notice of such meeting.   For any other reasonable provisions customary, necessary or convenient for the management or regulation of the company's corporate affairs not inconsistent with law.     Within thirty (30) days of adoption of any bylaws or any modification thereof or addition thereto, a mutual insurance holding company shall file with the commissioner a copy, certified by the mutual insurance holding company's secretary, of such bylaws and of every modification thereof or addition thereto, which shall be subject to the approval of the commissioner. The insurer shall not, after receiving written notice of such disapproval and during the existence thereof, effectuate any bylaw provision disapproved by the commissioner.
MS Code § 83-31-165 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 31 - Mutual Companies|Mississippi Mutual Insurance Company Conversion, Reorganization and Merger Act|§ 83-31-165. Directors

  The affairs of every mutual insurance holding company shall be managed by not less than five (5) directors.   Directors shall be elected by the members of the mutual insurance holding company at the annual meeting of members. Directors may be elected for terms of not more than three (3) years each and until their successors are elected and have qualified, and, if to be elected for terms of more than one (1) year, the mutual insurance holding company's bylaws may provide for a classified board under which the terms of a proportionate part of the members of the board of directors shall expire on the date of each annual meeting of members.   If so provided in a mutual insurance holding company's bylaws, a director of such mutual insurance holding company must be a policyholder of a subsidiary insurance company of the mutual insurance holding company.
MS Code § 83-31-167 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 31 - Mutual Companies|Mississippi Mutual Insurance Company Conversion, Reorganization and Merger Act|§ 83-31-167. Dissolution, liquidation, commissioner jurisdiction and investments

  A mutual insurance holding company and, if applicable, an intermediate holding company shall not be dissolved or liquidated without the approval of the commissioner.   The commissioner shall retain jurisdiction over a mutual insurance holding company incorporated in this state and, if applicable, an intermediate holding company, to assure that policyholder interests are protected, including, but not limited to, regulation of the solvency of such companies.   Subject to the limitations of Section 83-6-2, a mutual insurance holding company formed under Sections 83-31-47 or 83-31-101 through 83-31-181 may (a) invest in the stock or debt securities of one or more intermediate holding companies; (b) invest in the stock or debt securities of one or more domestic or foreign insurance companies; (c) exercise any power or engage in any transaction or activity permitted by Section 83-31-157 or other provision applicable to mutual insurance holding companies; and (d) invest in any corporation, partnership, limited liability company, business trust or other entity permitted for a mutual insurance company under the laws of this state.
MS Code § 83-31-169 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 31 - Mutual Companies|Mississippi Mutual Insurance Company Conversion, Reorganization and Merger Act|§ 83-31-169. Membership requirements

  Membership in a mutual insurance holding company shall be determined in accordance with the mutual insurance holding company's articles of association and bylaws and, subject to such exceptions as are set forth in the articles of association or bylaws, shall be based upon each member's holding a policy of insurance with a subsidiary insurance company.   Any person, public or private corporation, board, association, firm, estate, trustee or fiduciary may be a member of a mutual insurance holding company.   No member of a mutual insurance holding company may transfer membership or any right arising therefrom.   A member of a mutual insurance holding company is not, as such, personally liable for the acts, debts, liabilities or obligations of the company and may not be assessed by the directors of such company.   A membership interest in a mutual insurance holding company shall not constitute a security as defined by Section 75-71-105 and shall not be subject to any requirements of the Mississippi Securities Act, Section 75-71-101 et seq.
MS Code § 83-31-171 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 31 - Mutual Companies|Mississippi Mutual Insurance Company Conversion, Reorganization and Merger Act|§ 83-31-171. Voluntary dissolution

  Upon any voluntary dissolution of a domestic mutual insurance holding company, its assets remaining after discharge of its indebtedness, if any, and expenses of administration shall be distributed to existing persons who were its members at any time within the three-year period preceding the date such liquidation was authorized or ordered or date of last termination of the insurer's certificate of authority, whichever date is earlier; except, if the commissioner has reason to believe that those in charge of the management of the mutual insurance holding company have caused or encouraged the reduction of the number of members of the insurer in anticipation of liquidation and for the purpose of reducing thereby the number of persons who may be entitled to share in distribution of the insurer's assets, the commissioner may enlarge the three-year qualification period by such additional time as the commissioner may deem to be reasonable.   The distributive share of each such member shall be determined by a formula based upon such reasonable classifications of members as the commissioner may approve.
MS Code § 83-31-173 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 31 - Mutual Companies|Mississippi Mutual Insurance Company Conversion, Reorganization and Merger Act|§ 83-31-173. Provisions applicable to mutual insurance holding companies; exemptions from certain provisions

 Each mutual insurance holding company shall be subject to the applicable laws and rules of this state relating to insurance holding company systems. A mutual insurance holding company shall not be subject to provisions of Title 83 of the Mississippi Code or rules adopted thereunder with respect to the writing of insurance or required capital or surplus. A mutual insurance holding company system shall be considered an insurance holding company system but shall not require separate approval under Section 83-31-1 et seq. for an acquisition of controlling stock, ownership interest, assets or control or for a merger or consolidation, share exchange, organization, or reorganization of insurance companies or other transaction with respect to any action approved under the provisions of Sections 83-31-47 or 83-31-101 through 83-31-181.
MS Code § 83-31-175 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 31 - Mutual Companies|Mississippi Mutual Insurance Company Conversion, Reorganization and Merger Act|§ 83-31-175. Actions challenging validity

 An action challenging the validity of or arising out of acts taken or proposed to be taken regarding a plan of reorganization under Sections 83-31-47 or 83-31-101 through 83-31-181 must begin in the Chancery Court of the First Judicial District of Hinds County, Mississippi, not later than the thirtieth day after the effective date of the plan of reorganization.
MS Code § 83-31-177 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 31 - Mutual Companies|Mississippi Mutual Insurance Company Conversion, Reorganization and Merger Act|§ 83-31-177. Mutual insurance holding company conversion to stock holding company

 A mutual insurance holding company may become a stock holding company under such plan and procedure as may be approved by the commissioner and as provided in Section 83-31-101 et seq.
MS Code § 83-31-179 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 31 - Mutual Companies|Mississippi Mutual Insurance Company Conversion, Reorganization and Merger Act|§ 83-31-179. Fees, costs and expenses

  A director, officer, agent or employee of the mutual insurance company may not receive a fee, commission or other consideration other than that person's usual salary or compensation for aiding, promoting or assisting in a plan of reorganization under Sections 83-31-47 or 83-31-101 through 83-31-181, except as provided by the plan of reorganization approved by the commissioner.   All the costs and expenses connected with a plan of reorganization shall be paid for or reimbursed by the mutual insurance company or the mutual insurance holding company.
MS Code § 83-31-181 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 31 - Mutual Companies|Mississippi Mutual Insurance Company Conversion, Reorganization and Merger Act|§ 83-31-181. Rules and regulations

 The commissioner may adopt rules and regulations implementing the provisions of Sections 83-31-101 through 83-31-179, including, but not limited to, the regulation of the solvency of mutual insurance holding companies and intermediate holding companies.
MS Code § 83-41-201 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 41 - Hospital and Medical Service Associations and Contracts|Article 5 - Provisions Common to Hospital, Medical, or Surgical Insurance|§ 83-41-201. Notice to insured required for cancellation

 Whenever any policy of hospital, medical, or surgical insurance issued or renewed after June 11, 1964, shall have been in continuous full force and effect for at least four (4) years with all premiums paid thereon, no insurance company chartered or authorized to do business in the State of Mississippi, or doing business herein, shall be permitted to cancel or refuse to renew its policy of hospital, medical, or surgical insurance issued after said date to a resident citizen of the State of Mississippi without first giving written notice to the insured; and the cancellation or refusal to renew shall not be effective until one (1) year from and after the date of the receipt of such written notice as shown by certified mail sent with return receipt requested. Any effort to cancel a policy of hospital, medical, or surgical insurance or any refusal to accept premiums on such a policy contrary to the provisions of this section shall be ineffective if the policyholder makes an offer to pay the premium as and when due, or within the grace period, and one (1) offer shall be all that is necessary if that offer is refused by the company.   The provisions of this section shall not apply to group and blanket insurance, nor to any policy in which the insurer does not reserve the right to refuse renewal on an individual basis. The provisions of this section shall not prevent cancellation of any hospital, medical, or surgical insurance policy because of duplicate coverage providing for payment of benefits in excess of hospital, medical, nursing, or drug expenses actually incurred.
MS Code § 83-41-203 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 41 - Hospital and Medical Service Associations and Contracts|Article 5 - Provisions Common to Hospital, Medical, or Surgical Insurance|§ 83-41-203. Beneficiaries' freedom of choice of practitioner in performance of visual service; optometrists

 Whenever any policy of insurance or any medical service plan or hospital service contract or hospital and medical service contract issued in this state provides for reimbursement for any visual service which is within the lawful scope of practice of a duly licensed optometrist as defined in Section 73-19-1, Mississippi Code of 1972, the insured or other person entitled to benefits under such policy shall be entitled to reimbursement for such services, whether such services are performed by a duly licensed physician or by a duly licensed optometrist, notwithstanding any provision to the contrary in any statute or in such policy, plan or contract. Duly licensed optometrists shall be entitled to participate in such policies, plans, or contracts providing for visual services, as authorized by Sections 73-19-1 and 43-3-67, Mississippi Code of 1972, to the same extent as duly licensed physicians.