Mississippi Administrative Code › Title 19 - Department of Insurance › Part 1 - General › Chapter 15 - Rules of Practice and Procedure before the Mississippi Insurance Department and State Fire Marshal's Office › Rule 19-1-15.07 - Licensing of Insurers

Current through June 25, 2024
A. Authority and
				Control - The Department has the sole authority and control over the issuance,
				grant, denial, refusal, suspension, revocation, expiration, termination,
				continuance, and renewal of licenses and certificates of authority for all
				insurers.
B. License Forfeited -
				Upon the revocation or forfeiture of a license or certificate of authority,
				said license shall be considered forfeited and no longer valid.
C. Notice and Hearing - Notice and hearing in
				accordance with this Regulation are required before the suspension or
				revocation of a license or certificate of authority. Suspension, refusal or
				revocation of a license or certificate of authority must be for certain
				statutory causes.
D. License
				Expiration - The license of an insurer is of a continuing nature, and shall
				only expire upon the suspension, revocation or forfeiture of an insurer's
				license. When administrative action is taken to suspend or revoke an insurer's
				license or certificate of authority, then the license or certificate of
				authority expires the last day for review of any Department Order or at a later
				date if so fixed by a court.
E.
				Domestic Insurers - Domestic insurers may become licensed and obtain a
				certificate of authority by complying with all statutory requirements,
				including but not limited to those of Title 83, Chapter 19 of the Code of
				Mississippi, completing and filing with the Department all necessary forms and
				providing any other information required by the Department. Copies of such
				forms and instructions regarding required information may be obtained at the
				Department's website;
www.mid.ms.gov
.
F. Foreign Insurers - Foreign insurers may
				become licensed and obtain a certificate of authority by complying with all
				statutory requirements, including but not limited to those of Title, 83,
				Chapter 21 of the Code of Mississippi, and completing and filing with the
				Department all necessary forms and providing any other information required by
				the Department. Copies of such forms and instructions regarding required
				information may be obtained at the Department's website;
www.mid.ms.gov
.
G. Non-Admitted And Alien Insurers - Insurers
				may be considered for placement on the Department's eligible list of
				non-admitted insurers by complying with all statutory requirements, including
				but not limited to
Miss. Code Ann
. §
									83-21-17, and
				completing and filing with the Department all necessary forms and providing any
				other information required by the Department. Copies of such forms and
				instructions regarding required information may be obtained at the Department's
				website;
www.mid.ms.gov
.
Annual Filings - Admitted insurers must annually complete
				  and file with the Department all necessary forms and any other information
				  required by the Department. Copies of such forms and instructions regarding
				  required information may be obtained at the Department's website;
www.mid.ms.gov
.
Miss. Code
				  Ann. §
										83-19-1, et seq.; §
										83-21-1, et seq. (Rev.
				  2022)