GroundRules
Miss. Code Ann. § 83-24-17: Restrictions on insurer after commencement of delinquency proceedings.
Where this section sits in the code
- Title 83. Insurance
- Chapter 24. Insurers Rehabilitation and Liquidation Act
No insurer that is subject to any delinquency proceedings, whether formal or informal (administrative or judicial), shall:
(a) Be released from such proceeding unless such proceeding is converted into a judicial rehabilitation or liquidation proceeding;
(b) Be permitted to solicit or accept new business or request or accept the restoration of any suspended or revoked license or certificate of authority;
(c) Be returned to the control of its shareholders or private management; or
(d) Have any of its assets returned to the control of its shareholders or private management until all payments of or on account of the insurer’s contractual obligations by all guaranty associations, along with all expenses thereof and interest on all such payments and expenses, shall have been repaid to the guaranty associations or a plan of repayment by the insurer shall have been approved by the guaranty association.
Collected 2026-10-27T05:54:33Z. Source file · JSON
Compilation CC BY 4.0, Open US Law (Vaquill AI). GroundRules uses only the releases published under CC BY 4.0: from v2026.09 the compilation is licensed CC BY-NC 4.0, and GroundRules does not use those releases. Each affected row names its release in its vintage label. GroundRules parsed and filtered the compilation to retain enacted text. Source · License
Mississippi electronic product files were republished by Public.Resource.Org under a public-domain dedication. GroundRules uses enacted text from Release 78 only as a labeled supplement to the newer Open US Law rows. Source