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this Chapter
Mississippi Code 1972 (2023)
Title 83 - INSURANCE (§§ 83-1-1 — 83-NEW-004)
Chapter 24 - INSURERS REHABILITATION AND LIQUIDATION ACT (§§ 83-24-1 — 83-24-119)
- Section 83-24-1 - Short title
- Section 83-24-3 - Declaration of purpose
- Section 83-24-5 - Application of chapter
- Section 83-24-7 - Definitions
- Section 83-24-9 - Commencement of delinquency proceedings; jurisdiction
- Section 83-24-11 - Injunctions and orders; application
- Section 83-24-13 - Cooperation with Commissioner of Insurance; penalty for obstructing or interfering with proceedings; hearings
- Section 83-24-15 - Commencement of proceedings under former law; application of current provisions
- Section 83-24-17 - Restrictions on insurer after commencement of delinquency proceedings
- Section 83-24-19 - Petition for court order for formal delinquency proceeding; content of order; ex parte order; duration of order; affect on contractual obligations; hearings; review of order; notice
- Section 83-24-21 - Confidentiality of records pertaining to proceedings
- Section 83-24-23 - Petition for order to rehabilitate domestic insurer or alien insurer domiciled in state; grounds
- Section 83-24-25 - Rehabilitator designated; affect of order of rehabilitation; affect on contractual obligations
- Section 83-24-27 - Appointment of special deputies; powers and duties; compensation; counsel; clerical assistants; advisory committee of policyholders, claimants, or other creditors; cost of administration; implementation of legal proceedings; plans for reorganization, etc.; fraudulent transfers
- Section 83-24-29 - Stay of action or proceeding; statute of limitations; defense of laches; standing to appear in proceedings
- Section 83-24-31 - Petition for order of liquidation; order of liquidation on grounds of insolvency; petition for order terminating rehabilitation of insurer; restoration of insurer's interest
- Section 83-24-33 - Petition for order directing liquidation; grounds
- Section 83-24-35 - Commissioner, and his successors in office, as liquidator; rights, duties and responsibilities; terms of order to liquidate; financial reports; plan for continuation of insurer's business
- Section 83-24-37 - Continuation of insurer's obligations; termination of coverages
- Section 83-24-39 - Petition for order to dissolve corporate existence
- Section 83-24-41 - Powers and duties of liquidator
- Section 83-24-43 - Notice of liquidation order; filing claims with liquidator
- Section 83-24-45 - Agent of insurer; duties following notice of liquidation; penalties
- Section 83-24-47 - Action or proceeding against insurer after order appointing liquidator prohibited; injunctions; action on behalf of insurer; limitation of actions; rights of guaranty association
- Section 83-24-49 - Preparation of list of insurer's assets
- Section 83-24-51 - Transfers by insurer prior to petition for rehabilitation or liquidation; voiding transfers; exception
- Section 83-24-53 - Transfer of real property of insurer after petition for rehabilitation or liquidation
- Section 83-24-55 - Preference transfer; voiding; exception
- Section 83-24-57 - Surrender of preference, lien, conveyance, transfer, assignment or encumbrance by creditor
- Section 83-24-59 - Mutual debts or mutual credits between insurer and another person; setoff
- Section 83-24-61 - Report by liquidator after order of liquidation; assessments; notice
- Section 83-24-63 - Recovery from reinsurers; amount
- Section 83-24-65 - Payment of premiums; recovery of unearned premiums; credits; setoffs; violation of provisions; penalties; notice of violation; hearing; appeal
- Section 83-24-67 - Disbursement of assets after final determination of insolvency
- Section 83-24-69 - Filing proof of claims; late filing
- Section 83-24-71 - Content of proof of claims
- Section 83-24-73 - Claim of third party which is contingent on obtaining judgment against insurer; claims due except for passage of time; employment contracts
- Section 83-24-75 - Third-party claim filed with liquidator; insured filing claim; claim subject to coverage by guaranty association
- Section 83-24-77 - Denial of claim; notice; objection to denial; hearing
- Section 83-24-79 - Failure of secured creditor to file claim; distribution on claim
- Section 83-24-81 - Value of security held by secured creditor; determination
- Section 83-24-83 - Priority of distribution of claims; order of distribution
- Section 83-24-85 - Review of claims filed in liquidation; reports; power and duty of court
- Section 83-24-87 - Payment of distributions
- Section 83-24-89 - Deposit of unpaid funds with State Treasurer; escheat proceedings
- Section 83-24-91 - Application for order of discharge; costs and expenses
- Section 83-24-93 - Reopening proceedings after discharge of liquidator; orders
- Section 83-24-95 - Destruction of records
- Section 83-24-97 - Audit of books of commissioner relating to receivership established under this chapter; reports; expenses
- Section 83-24-99 - Commissioner of insurance acting as conservator in absence of appointment of domiciliary liquidator; orders
- Section 83-24-101 - Application by commissioner for order permitting liquidation of assets found in state of foreign insurer or alien insurer not domiciled in state; notice; filing or recording order; domiciliary liquidator appointed in reciprocal state or nonreciprocal state; payment of claims
- Section 83-24-103 - Vesting of title to assets in liquidator; filing claim with liquidator or ancillary receiver
- Section 83-24-105 - Petition for appointment as ancillary receiver; orders
- Section 83-24-107 - Discretion of commissioner of insurance to institute proceedings
- Section 83-24-109 - Claimants residing in foreign country or in states not reciprocal states; time requirements; notice; claims by claimants residing in reciprocal states
- Section 83-24-111 - Liquidation proceeding in reciprocal state against insurer domiciled in that state; claims by residents of Mississippi; notice; hearings; final allowance
- Section 83-24-113 - Attachment, garnishment or levy of execution against delinquent insurer during pendency of liquidation proceedings
- Section 83-24-115 - Liquidation proceeding in Mississippi involving one or more reciprocal states; order of distribution; priority of claims; special deposit claims; surrender of secured claim
- Section 83-24-117 - Failure of ancillary receiver in another state or foreign country to transfer assets to domiciliary liquidator
- Section 83-24-119 - Federal home loan bank secured claims on insurers subject to delinquency proceeding; voiding; exercise of certain rights regarding pledged collateral; procedure and timelines after appointment of receiver for insurer member
Disclaimer: These codes may not be the most recent version. Mississippi may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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