The Commission may permit two or more employers engaged in a common type of business activity or pursuit, or having other reasons to associate, to enter into agreements to pool their liabilities under Miss. Code Ann. § 71-3-75 for the purpose of qualifying as group self-insurers, and, in conjunction therewith, to enter into agreements to pool any other liabilities to their employees, and each employer member of such approved group shall be classified as a self-insurer. No person, association, or other entity shall act as a workers' compensation self-insurance group unless it has been issued an annual certificate of authority by the Commission. Such certificate of authority must be renewed annually on or before the anniversary date of the original certificate of authority of group self-insurance.
The Commission may examine the affairs, transactions, accounts, records, assets, and liabilities of each group self-insurer as often as the Commission deems advisable. The expenses of such examinations shall be assessed against the group self-insurer.
20 Miss. Code. R. 1-1.7