Chapter 34 - WINDSTORM UNDERWRITING ASSOCIATION

Section 83-34-1 - Definitions
Section 83-34-3 - Creation of Mississippi Windstorm Underwriting Association; organizational structure; certain licensed insurers to become assessable insurers; association revenues; association not subject to state bid requirements
Section 83-34-4 - Nonadmitted policy fee; responsibility of surplus lines insurance producer placing insurance through nonadmitted insurer to collect and remit fees; calculation of fee; penalty for nonpayment
Section 83-34-5 - Powers and duties
Section 83-34-7 - Designation of temporary board of directors; expiration of terms of office; permanent board of directors; composition of board; selection and qualifications of board members; terms of office; powers
Section 83-34-9 - Participation by assessable insurers in recoupable and nonrecoupable assessments levied by association; financial incentives and/or penalties to ensure assessable insurers write insurance in the coast area
Section 83-34-10 - Power to levy recoupable and nonrecoupable assessments upon occurrence of certain events; maximum nonrecoupable assessments
Section 83-34-11 - [Repealed]
Section 83-34-12 - Deferment of assessable insurer's recoupable or nonrecoupable assessment; amount deferred to be assessed against other assessable insurers
Section 83-34-13 - Plan of operation; contents; approval by commissioner; certification of approval; effective date of plan
Section 83-34-15 - Application for coverage; inspection of property; issuance of insurance; appeal of denial of application
Section 83-34-16 - Premium discount for building "fortified home."
Section 83-34-17 - Rates
Section 83-34-19 - Appeals
Section 83-34-21 - Reports of inspection made available
Section 83-34-23 - Immunity from liability
Section 83-34-25 - Annual report
Section 83-34-27 - Commissioner may examine affairs of association; commissioner and association may examine data and payments of assessable insurer or insurers placing insurance through nonadmitted insurers
Section 83-34-29 - Rules and regulations
Section 83-34-31 - Powers and authority of board of directors to issue bonds and enter into loans or other forms of indebtedness; rights and remedies of bondholders not to be impaired
Section 83-34-33 - Surcharge for excess covered event losses on all property and casualty premiums; issuance of bonds to pay claims losses; exempted premiums; purpose of certain surcharges to be designated and specifically identified; licensed insurers and agents to collect and remit surcharges; setting and adjustment of surcharge percentage; cessation of surcharge
Section 83-34-35 - Commissioner to approve association rates at least adequate to fund annual reinsurance above a certain reserve
Section 83-34-37 - Mississippi Windstorm Underwriting Association Reinsurance Assistance Fund created; purpose; use of funds; reports
Section 83-34-39 - [Repealed]