2010 Mississippi Code
TITLE 83 - INSURANCE
Chapter 53 - Credit Life and Credit Disability Insurance.
83-53-39 - Effective dates of orders; stay of execution or enforcement.
§ 83-53-39. Effective dates of orders; stay of execution or enforcement.
A cease and desist order issued by the commissioner under Section 83-53-31 shall become final upon the completion of the time allowed for filing a petition with the commissioner for a hearing if no such petition has been duly filed within such time. If a petition for a hearing is filed within such time pursuant to Section 83-53-33, the order of the commissioner shall not take effect and be in force until the issuance of an order pursuant to Section 83-53-35. An order issued pursuant to Section 83-53-35 shall take effect and be in force upon issuance or at such time as may be stated in such order. The commissioner, in his discretion, or the circuit court, upon appeal, may stay the execution or enforcement of any such order.
Sources: Laws, 1986, ch. 440, § 20, eff from and after May 6, 1986.
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