{"data":{"id":"us-ms/miss.-code-ann.-83-7-207","jurisdiction":"us-ms","citation":"Miss. Code Ann. § 83-7-207","heading":"Suspension, revocation, and refusal to renew license; hearing.","body":"(1) The commissioner may suspend, revoke or refuse to renew the license of a viatical settlement provider, viatical settlement representative or viatical settlement broker if the commissioner finds that:\n(a) There was any material misrepresentation in the application for the license;\n(b) The licensee or any officer, partner or key management personnel has been convicted of fraudulent or dishonest practices, is subject to a final administrative action or is otherwise shown to be untrustworthy or incompetent;\n(c) The viatical settlement provider demonstrates a pattern of unreasonable payments to viators;\n(d) The licensee has been found guilty of, or has pleaded guilty or nolo contendere to, any felony or to a misdemeanor involving fraud or moral turpitude, regardless of whether a judgment of conviction has been entered by the court;\n(e) The viatical settlement provider has failed to honor contractual obligations set out in a viatical settlement contract;\n(f) The licensee no longer meets the requirements for initial licensure;\n(g) The viatical settlement provider has assigned, transferred or pledged a viaticated policy to a person other than a viatical settlement provider licensed in this state or a financing entity; or\n(h) The licensee has violated any provision of Sections 83-7-201 through 83-7-223.\n(2) Before the commissioner shall deny a license application or suspend, revoke or refuse to renew the license of a viatical settlement provider, viatical settlement broker or viatical settlement representative, the commissioner shall conduct a hearing in accordance with Section 25-43-1 et. seq.","path":["Title 83. Insurance","Chapter 7. Life Insurance","Viatical Settlements"],"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":"bc87ead05fa85c7cd4a2a37d43423d225d02228d6af9bbded3a86441e4640a67","source_id":"us-ms","stale":false,"prev":"us-ms/miss.-code-ann.-83-7-205","next":"us-ms/miss.-code-ann.-83-7-209","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."}