Mississippi Administrative Code Title 19 - Department of Insurance
Mississippi Administrative Code – Title 19: Department of Insurance
This title governs the rules and regulations established by the Mississippi Department of Insurance (MDI), which is responsible for regulating the insurance industry within the state. Title 19 ensures consumer protection, insurer solvency, fair competition, and compliance with state insurance laws.
Overview of Title 19 – Key Sections (May include, but not limited to):
General Provisions
Definitions, authority, and applicability of regulations.
Licensing and registration of insurers, agents, brokers, and adjusters.
Insurance Company Regulations
Financial solvency standards and reporting.
Requirements for rate filings and policy form approval.
Rules for mergers, acquisitions, and changes in control.
Producer and Adjuster Rules
Licensing requirements and continuing education.
Code of conduct and ethical standards.
Disciplinary procedures and penalties for violations.
Health and Life Insurance Regulations
Policy standards for health, life, and annuities.
Mandated benefits and consumer protections.
Regulations for managed care organizations and Medicare supplement plans.
Property and Casualty Insurance
Rules for homeowners, auto, and commercial insurance policies.
Rate-making practices and risk-based pricing rules.
CAT (catastrophic) insurance and disaster response programs.
Surplus Lines and Specialty Markets
Regulation of non-admitted insurers.
Licensing of surplus lines brokers.
Consumer Services and Complaints
Procedures for filing complaints.
Investigation and resolution of disputes.
Consumer information and transparency initiatives.
Compliance, Enforcement, and Hearings
Investigations of misconduct.
Hearing procedures and appeal rights.
Administrative fines and enforcement actions.
Fire Marshal and Safety Regulations
Oversight of fire codes and inspections.
Certification of fire suppression systems and personnel.
Fire investigation procedures and reporting.
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