2013 Mississippi Code
Title 83 - INSURANCE
§ 83-15-7 - Reserve for losses

MS Code § 83-15-7 (2013) What's This?

A corporation created as provided in this chapter shall establish and maintain a reserve for losses in an amount which shall be not less than (1) ten percent (10%) of the amount of all premiums received by the corporation on and after January 1, 1952, or (2) Fifty Thousand Dollars ($ 50,000.00) whichever is the lesser.

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