GroundRules
Miss. Code Ann. § 83-45-3: Requirement for licensing.
Where this section sits in the code
- Title 83. Insurance
- Chapter 45. Nonprofit, Community Service Blood Supply Plans
Requirement for licensing shall be as follows:
(a) A deposit with any depository approved by the state for the benefit of policyholders/members in the amount of One Dollar ($1.00) for each policyholder currently insured to guarantee perpetuation of the organization until all membership contracts are terminated.
(b) A deposit in a like amount to a catastrophe fund, but this deposit shall be made on the first renewal of each contract.
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