There is a newer version of the Mississippi Code
2010 Mississippi Code
TITLE 83 - INSURANCE
Chapter 7 - Life Insurance.
- 83-7-1 - Life insurance companies defined.
- 83-7-3 - Distinction in same class and rebates prohibited.
- 83-7-5 - Proceeds of policy not subject to judicial process or assignment while in hands of company.
- 83-7-6 - Proceeds of policy become due as of date of death of insured; insurers admitted to transact life insurance in Mississippi required to pay interest on proceeds of certain policies; computation of interest; applicability.
- 83-7-7 - Policy beneficiary designations of trustees.
- 83-7-9 - Assignment of group life insurance policy.
- 83-7-11 - Penalty for false statement as to publication.
- 83-7-13 - Application of insured to be filed with policy of insurance.
- 83-7-15 - Misstatement of age not to invalidate policy.
- 83-7-17 - Policies to show plainly on face kind and character; fees for commissioner's approval; expedited form and rate review procedure.
- 83-7-19 - Minors may make insurance contract.
- 83-7-21 - Reserve liabilities.
- 83-7-23 - Standard valuation law.
- 83-7-25 - Standard nonforfeiture law.
- 83-7-26 - Maximum rate of interest on policy loans; determination; changes in rates; notification to policyholder.
- 83-7-27 - Separate accounts to fund pension or profit sharing plans or to provide for life insurance or annuities.
- 83-7-29 - Investment of amounts allocated to separate accounts.
- 83-7-31 - Crediting of income or charging of losses on separate accounts.
- 83-7-33 - Valuation of assets allocated to separate accounts.
- 83-7-35 - Ownership of amounts allocated to separate accounts.
- 83-7-37 - Powers of domestic companies establishing separate accounts.
- 83-7-39 - Reserve liability for variable contracts.
- 83-7-41 - Contents of contract delivered or issued for delivery in state providing for benefits in variable amounts.
- 83-7-43 - Authority to deliver or issue for delivery within state contracts providing for benefits in variable amounts.
- 83-7-45 - Authority of commissioner to regulate issuance and sale of contracts for separate accounts and those who issue and sell them.
- 83-7-47 - Repealed.
- 83-7-49 - Application of insurance laws to separate accounts; contents of individual variable life insurance contracts.
- 83-7-51 - Notice of right to return policy; effect of return.
- 83-7-101 - Definitions.
- 83-7-103 - Accelerated benefit provisions as not representing morbidity risks.
- 83-7-105 - Acknowledgement of concurrence for payout prior to payment.
- 83-7-107 - Options for payment; minimum amounts.
- 83-7-109 - Requirement that name given coverage be descriptive of coverage provided; disclosure of information; signatures.
- 83-7-111 - Effective date of accelerated benefit.
- 83-7-113 - Waiver of premium.
- 83-7-115 - Discrimination amongst insureds prohibited.
- 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.
- 83-7-119 - Filing valuation method and assumptions with Department of Insurance; content.
- 83-7-201 - Short title.
- 83-7-203 - Definitions.
- 83-7-205 - Viatical settlement providers, representatives and brokers to be licensed by Commissioner of Insurance; licensing requirements.
- 83-7-207 - Suspension, revocation, and refusal to renew license; hearing.
- 83-7-209 - Settlement application, contract and disclosure statement forms to be filed with and approved by Commissioner of Insurance.
- 83-7-211 - Annual statement to be filed with Commissioner; identity of viator not to be disclosed except under certain conditions.
- 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.
- 83-7-215 - Disclosure requirements.
- 83-7-217 - Informed consent; confidentiality of medical information; 15-day right to rescind; death of insured within 15-day period deemed rescission; transfer of proceeds of viatical settlement; post-settlement contacts with insured for purpose of determining health status.
- 83-7-219 - Authority of Commissioner to adopt rules and regulations.
- 83-7-221 - Violations of provisions considered unfair trade practice.
- 83-7-223 - Continuation of viatical settlement business pending approval or disapproval of license application filed on or before July 1, 2000.
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