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2017 Mississippi Code
Title 83 - Insurance
Chapter 34 - Windstorm Underwriting Association
- § 83-34-1. Definitions
- § 83-34-3. Creation of Mississippi Windstorm Underwriting Association; organizational structure; certain licensed insurers to become assessable insurers; association revenues; association not subject to state bid requirements
- § 83-34-4. Nonadmitted policy fee; responsibility of surplus lines insurance producer placing insurance through nonadmitted insurer to collect and remit fees; calculation of fee; penalty for nonpayment [Repealed effective July 1, 2018]
- § 83-34-5. Powers and duties
- § 83-34-7. Designation of temporary board of directors; expiration of terms of office; permanent board of directors; composition of board; selection and qualifications of board members; terms of office; powers
- § 83-34-9. Participation by assessable insurers in regular assessments levied by association; financial incentives and/or penalties to ensure assessable insurers write insurance in the coast area
- § 83-34-10. Power to levy regular assessments upon occurrence of certain events; maximum total assessments
- § 83-34-11. Implementation of surcharge on all property and casualty premiums; exceptions; collection of surcharges; funds collected as surcharges to be used to reimburse assessable insurers for regular assessments; reimbursement to be refunded to association under certain conditions; audit of insurers; quarterly reports
- § 83-34-12. Deferment of assessable insurer's regular assessment; amount deferred to be assessed against other assessable insurers
- § 83-34-13. Plan of operation; contents; approval by commissioner; certification of approval; effective date of plan
- § 83-34-15. Application for coverage; inspection of property; issuance of insurance; appeal of denial of application
- § 83-34-16. Premium discount for building "fortified home."
- § 83-34-17. Rates
- § 83-34-19. Appeals
- § 83-34-21. Reports of inspection made available
- § 83-34-23. Immunity from liability
- § 83-34-25. Annual report
- § 83-34-27. Commissioner may examine affairs of association; commissioner and association may examine data and payments of assessable insurer or insurers placing insurance through nonadmitted insurers
- § 83-34-29. Rules and regulations
- § 83-34-31. Powers and authority of board of directors to issue bonds and enter into loans or other forms of indebtedness; rights and remedies of bondholders not to be impaired
- § 83-34-33. Surcharge for excess hurricane losses on all property and casualty premiums; exempted premiums; purpose of certain surcharges to be designated and specifically identified; licensed insurers and agents to collect and remit surcharges; setting and adjustment of surcharge percentage; cessation of surcharge
- § 83-34-35. Commissioner to approve association rates at least adequate to fund annual reinsurance above a certain reserve
- § 83-34-37. Mississippi Windstorm Underwriting Association Reinsurance Assistance Fund created; purpose; use of funds; reports
- § 83-34-39. Repealed
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