SEC. 83-5-1. Concerns subject to department.

All indemnity or guaranty companies, all companies, corporations, partnerships, associations, individuals, and fraternal orders, whether domestic or foreign, transacting, or to be admitted to transact, the business of insurance in this state are insurance companies within the meaning of this chapter, and shall be subject to the inspection and supervision of the commissioner.

SOURCES: Codes, 1857, ch. 35, art. 60; 1871, Sec. 2445; 1880, Sec. 1076; 1892, Sec. 2326; 1906, Sec. 2559; Hemingway's 1917, Sec. 5023; 1930, Sec. 5129; 1942, Sec. 5631; Laws, 1910, ch. 103.

1997 Amendment

SECTION 2. Section 83-5-1, Mississippi Code of 1972, is amended as follows:

 83-5-1. All indemnity or guaranty companies, all companies, including those companies defined in Section 83-41-303(n), corporations, partnerships, associations, individuals and fraternal orders, whether domestic or foreign, transacting, or to be admitted to transact, the business of insurance in this state are insurance companies within the meaning of this chapter, and shall be subject to the inspection and supervision of the commissioner.

SOURCE: 1997 Laws, Chapter 410, Sec. 2, HB585, Effective July 1, 1997.