Chapter 24 - INSURERS REHABILITATION AND LIQUIDATION ACT

Section 83-24-1 - Short title
Section 83-24-3 - Declaration of purpose
Section 83-24-5 - Application of chapter
Section 83-24-7 - Definitions
Section 83-24-9 - Commencement of delinquency proceedings; jurisdiction
Section 83-24-11 - Injunctions and orders; application
Section 83-24-13 - Cooperation with Commissioner of Insurance; penalty for obstructing or interfering with proceedings; hearings
Section 83-24-15 - Commencement of proceedings under former law; application of current provisions
Section 83-24-17 - Restrictions on insurer after commencement of delinquency proceedings
Section 83-24-19 - Petition for court order for formal delinquency proceeding; content of order; ex parte order; duration of order; affect on contractual obligations; hearings; review of order; notice
Section 83-24-21 - Confidentiality of records pertaining to proceedings
Section 83-24-23 - Petition for order to rehabilitate domestic insurer or alien insurer domiciled in state; grounds
Section 83-24-25 - Rehabilitator designated; affect of order of rehabilitation; affect on contractual obligations
Section 83-24-27 - Appointment of special deputies; powers and duties; compensation; counsel; clerical assistants; advisory committee of policyholders, claimants, or other creditors; cost of administration; implementation of legal proceedings; plans for reorganization, etc.; fraudulent transfers
Section 83-24-29 - Stay of action or proceeding; statute of limitations; defense of laches; standing to appear in proceedings
Section 83-24-31 - Petition for order of liquidation; order of liquidation on grounds of insolvency; petition for order terminating rehabilitation of insurer; restoration of insurer's interest
Section 83-24-33 - Petition for order directing liquidation; grounds
Section 83-24-35 - Commissioner, and his successors in office, as liquidator; rights, duties and responsibilities; terms of order to liquidate; financial reports; plan for continuation of insurer's business
Section 83-24-37 - Continuation of insurer's obligations; termination of coverages
Section 83-24-39 - Petition for order to dissolve corporate existence
Section 83-24-41 - Powers and duties of liquidator
Section 83-24-43 - Notice of liquidation order; filing claims with liquidator
Section 83-24-45 - Agent of insurer; duties following notice of liquidation; penalties
Section 83-24-47 - Action or proceeding against insurer after order appointing liquidator prohibited; injunctions; action on behalf of insurer; limitation of actions; rights of guaranty association
Section 83-24-49 - Preparation of list of insurer's assets
Section 83-24-51 - Transfers by insurer prior to petition for rehabilitation or liquidation; voiding transfers; exception
Section 83-24-53 - Transfer of real property of insurer after petition for rehabilitation or liquidation
Section 83-24-55 - Preference transfer; voiding; exception
Section 83-24-57 - Surrender of preference, lien, conveyance, transfer, assignment or encumbrance by creditor
Section 83-24-59 - Mutual debts or mutual credits between insurer and another person; setoff
Section 83-24-61 - Report by liquidator after order of liquidation; assessments; notice
Section 83-24-63 - Recovery from reinsurers; amount
Section 83-24-65 - Payment of premiums; recovery of unearned premiums; credits; setoffs; violation of provisions; penalties; notice of violation; hearing; appeal
Section 83-24-67 - Disbursement of assets after final determination of insolvency
Section 83-24-69 - Filing proof of claims; late filing
Section 83-24-71 - Content of proof of claims
Section 83-24-73 - Claim of third party which is contingent on obtaining judgment against insurer; claims due except for passage of time; employment contracts
Section 83-24-75 - Third-party claim filed with liquidator; insured filing claim; claim subject to coverage by guaranty association
Section 83-24-77 - Denial of claim; notice; objection to denial; hearing
Section 83-24-79 - Failure of secured creditor to file claim; distribution on claim
Section 83-24-81 - Value of security held by secured creditor; determination
Section 83-24-83 - Priority of distribution of claims; order of distribution
Section 83-24-85 - Review of claims filed in liquidation; reports; power and duty of court
Section 83-24-87 - Payment of distributions
Section 83-24-89 - Deposit of unpaid funds with State Treasurer; escheat proceedings
Section 83-24-91 - Application for order of discharge; costs and expenses
Section 83-24-93 - Reopening proceedings after discharge of liquidator; orders
Section 83-24-95 - Destruction of records
Section 83-24-97 - Audit of books of commissioner relating to receivership established under this chapter; reports; expenses
Section 83-24-99 - Commissioner of insurance acting as conservator in absence of appointment of domiciliary liquidator; orders
Section 83-24-101 - Application by commissioner for order permitting liquidation of assets found in state of foreign insurer or alien insurer not domiciled in state; notice; filing or recording order; domiciliary liquidator appointed in reciprocal state or nonreciprocal state; payment of claims
Section 83-24-103 - Vesting of title to assets in liquidator; filing claim with liquidator or ancillary receiver
Section 83-24-105 - Petition for appointment as ancillary receiver; orders
Section 83-24-107 - Discretion of commissioner of insurance to institute proceedings
Section 83-24-109 - Claimants residing in foreign country or in states not reciprocal states; time requirements; notice; claims by claimants residing in reciprocal states
Section 83-24-111 - Liquidation proceeding in reciprocal state against insurer domiciled in that state; claims by residents of Mississippi; notice; hearings; final allowance
Section 83-24-113 - Attachment, garnishment or levy of execution against delinquent insurer during pendency of liquidation proceedings
Section 83-24-115 - Liquidation proceeding in Mississippi involving one or more reciprocal states; order of distribution; priority of claims; special deposit claims; surrender of secured claim
Section 83-24-117 - Failure of ancillary receiver in another state or foreign country to transfer assets to domiciliary liquidator
Section 83-24-119 - Federal home loan bank secured claims on insurers subject to delinquency proceeding; voiding; exercise of certain rights regarding pledged collateral; procedure and timelines after appointment of receiver for insurer member