Chapter 34 - Windstorm Underwriting Association

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
§ 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 recoupable and nonrecoupable 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 recoupable and nonrecoupable assessments upon occurrence of certain events; maximum nonrecoupable assessments
§ 83-34-12. Deferment of assessable insurer’s recoupable or nonrecoupable 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 covered event losses on all property and casualty premiums; issuance of bonds to pay claims losses; 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

We have updated our Terms of Service, Privacy Policy, and Disclosures. By continuing to browse this site, you agree to our Terms of Service, Privacy Policy, and Disclosures.

Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal insurance products you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.

LegalFix provides its members with access to legal services through a network of provider law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.

The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our provider law firms.

You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your provider law firm.

The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.

Use of this website, the purchase of legal insurance products, and access to the LegalFix network of provider law firms are subject to the LegalFix Terms of Service and Privacy Policy.

Bookish