{"data":{"id":"us-ms/miss.-code-ann.-83-30-49","jurisdiction":"us-ms","citation":"Miss. Code Ann. § 83-30-49","heading":"Valuation.","body":"(1) Standards of valuation for certificates issued prior to one (1) year after July 1, 2001, shall be those provided by the laws applicable immediately prior to July 1, 2001.\n(2) The minimum standards of valuation for certificates issued on or after one (1) year from July 1, 2001, shall be based on the following tables:\n(a) For certificates of life insurance – the commissioner’s 1941 Standard Ordinary Mortality Table, the commissioner’s 1941 Standard Industrial Mortality Table, the commissioner’s 1958 Standard Ordinary Mortality Table, the commissioner’s 1980 Standard Ordinary Mortality Table, or any more recent table made applicable to life insurers;\n(b) For annuity and pure endowment certificates, for total and permanent disability benefits, for accidental death benefits and for noncancelable accident and health benefits – such tables as are authorized for use by life insurers in this state.\nAll of the above shall be under valuation methods and standards (including interest assumptions) in accordance with the laws of this state applicable to life insurers issuing policies containing like benefits.\n(3) The commissioner may, in his or her discretion, accept other standards for valuation if the commissioner finds that the reserves produced thereby will not be less in the aggregate than reserves computed in accordance with the minimum valuation standard herein prescribed. The commissioner may, in his or her discretion, vary the standards of mortality applicable to all benefit contracts on substandard lives or other extra hazardous lives by any society authorized to do business in this state.\n(4) Any society, with the consent of the Commissioner of Insurance of the state of domicile of the society and under such conditions, if any, which the commissioner may impose, may establish and maintain reserves on its certificates in excess of the reserves required thereunder, but the contractual rights of any benefit member shall not be affected thereby.","path":["Title 83. Insurance","Chapter 30. Larger Fraternal Benefit Societies","Article 11. Regulation."],"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":"3983c57f61a2160977d022baac007e4ae30bbaa93e687ddc3fc8c4d747a78a6e","source_id":"us-ms","stale":false,"prev":"us-ms/miss.-code-ann.-83-30-47","next":"us-ms/miss.-code-ann.-83-30-51","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."}