As Amended
SEC. 83-23-111. Creation of the association.
There is created a nonprofit unincorporated legal entity to be known as the Mississippi Insurance Guaranty Association. All insurers defined as member insurers in section 83-23-109 shall be and remain members of the association as a condition of their authority to transact insurance in this state. The association shall perform its functions under a plan of operation established and approved under section 83-23-117 and shall exercise its powers through a board of directors established under section 83-23-113.
SOURCES: Codes, 1942, Sec. 5814-56; Laws, 1970, ch. 446, Sec. 6, eff from and after passage (approved April 6, 1970).