§ 83-55-13. Purchasing group and insurer subject to all applicable state laws; exceptions

MS Code § 83-55-13 (2019) (N/A)

Copy with citation

Copy as parenthetical citation

(a) Prohibit the establishment of a purchasing group;

(b) Make it unlawful for an insurer to provide or offer to provide insurance on a basis providing, to a purchasing group or its members, advantages based on their loss and expense experience not afforded to other persons with respect to rates, policy forms, coverages or other matters;

(c) Prohibit a purchasing group or its members from purchasing insurance on a group basis described in paragraph (b) of this section;

(d) Prohibit a purchasing group from obtaining insurance on a group basis because the group has not been in existence for a minimum period of time or because any member has not belonged to the group for a minimum period of time;

(e) Require that a purchasing group must have a minimum number of members, common ownership or affiliation or certain legal form;

(f) Require that a certain percentage of a purchasing group must obtain insurance on a group basis;

(g) Otherwise discriminate against a purchasing group or any of its members; or

(h) Require that any insurance policy issued to a purchasing group or any of its members be countersigned by an insurance agent or broker residing in this state.

Previous Section

§ 83-55-11. Policy not required to be countersigned

Next Section

§ 83-55-15. Purchasing group; notice of intent to do business; commissioner as agent for service; additional information required; preexisting groups