{"data":{"id":"us-ms/miss.-code-ann.-83-18-15","jurisdiction":"us-ms","citation":"Miss. Code Ann. § 83-18-15","heading":"Administrator’s duties as fiduciary for insurer.","body":"(1) All insurance charges or premiums collected by an administrator on behalf of or for an insurer or insurers, and the return of premiums received from that insurer or insurers, shall be held by the administrator in a fiduciary capacity. Such funds shall be immediately remitted to the person or persons entitled to them or shall be deposited promptly in a fiduciary account established and maintained by the administrator in a federally insured financial institution. The written agreement between the administrator and the insurer shall provide for the administrator to periodically render an accounting to the insurer detailing all transactions performed by the administrator pertaining to the business underwritten by the insurer.\n(2) If charges or premiums deposited in a fiduciary account have been collected on behalf of or for one or more insurers, the administrator shall keep records clearly recording the deposits in and withdrawals from the account on behalf of each insurer. The administrator shall keep copies of all the records, and upon request of an insurer, shall furnish the insurer with copies of the records pertaining to such deposits and withdrawals.\n(3) The administrator shall not pay any claim by withdrawals from a fiduciary account in which premiums or charges are deposited. Withdrawals from such account shall be made as provided in the written agreement between the administrator and the insurer. The written agreement shall address, but not be limited to, the following:\n(a) Remittance to an insurer entitled to remittance;\n(b) Deposit in an account maintained in the name of the insurer;\n(c) Transfer to and deposit in a claims-paying account, with claims to be paid as provided in subsection (4);\n(d) Payment to a group policyholder for remittance to the insurer entitled to such remittance;\n(e) Payment to the administrator of its commissions, fees or charges; and\n(f) Remittance of return premium to the person or persons entitled to such return premium.\n(4) All claims paid by the administrator from funds collected on behalf of or for an insurer shall be paid only on drafts or checks of and as authorized by the insurer.","path":["Title 83. Insurance","Chapter 18. Insurance Administrators and Managing General Agents","Insurance Administrators"],"source_url":"https://archive.org/download/gov.ms.code.ann.2018/release78.2020.07.08/gov.ms.code.title.83.odt","current_through":"2020-07-08","vintage":"Mississippi Code Release 78 (2020-07), retrieved 2026-09-17","retrieved_at":"2026-10-27T05:54:33Z","sha256":"73e20e7040fdb8f8309c3e89a1c6511ba00b825fff3047ac2b21dea82a1a366e","source_id":"us-ms","stale":false,"prev":"us-ms/miss.-code-ann.-83-18-13","next":"us-ms/miss.-code-ann.-83-18-17","notices":[{"id":"open-us-law","title":"Open US Law compilation","text":"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.","url":"https://huggingface.co/datasets/vaquill/open-us-law","license_url":"https://creativecommons.org/licenses/by/4.0/"},{"id":"pro-ms","title":"Mississippi Release 78 supplement","text":"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.","url":"https://archive.org/details/gov.ms.code.ann.2018"}]},"notice":"GroundRules: Original legal text. Not legal advice."}