Legislation

Miss. Code Ann. § 83-5-351 et seq. – Mississippi

Status: Enacted
Link: https://law.justia.com/codes/mississippi/2010/title-83/5/

Requires that insurers domiciled in the state of Mississippi file a report with the Commissioner of Insurance disclosing all material acquisitions and disposition of assets, defined as “one that is nonrecurring and not in the ordinary course of business and involves more than five percent (5%) of the reporting insurer’s total admitted assets as reported in its most recent financial statement filed with the commissioner.” This includes any exchanges, mergers, consolidations, succession or other acquisitions.


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