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§ 83-6-23. Factors to be considered in determining reasonableness of insurer’s surplus

MS Code § 83-6-23 (2019) (N/A)
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(a) The size of the insurer as measured by its assets, capital and surplus, reserves, premium writings, insurance in force and other appropriate criteria;

(b) The extent to which the insurer’s business is diversified among the several lines of insurance;

(c) The number and size of risks insured in each line of business;

(d) The extent of the geographical dispersion of the insurer’s insured risks;

(e) The nature and extent of the insurer’s reinsurance program;

(f) The quality, diversification and liquidity of the insurer’s investment portfolio;

(g) The recent past and projected future trend in the size of the insurer’s surplus as regards policyholders;

(h) The surplus as regards policyholders maintained by other comparable insurers;

(i) The adequacy of the insurer’s reserves; and

(j) The quality and liquidity of investments in affiliates. The commissioner may treat any such investment as a disallowed asset for purposes of determining the adequacy of surplus as regards policyholders whenever in his judgment such investment so warrants.

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