SEC. 83-41-13. Cancellation of license.

The failure of any person, firm, association, or corporation to promptly pay or fulfill any contract in force at the time of maturity, when legally determined that the contract was in force, shall be grounds for the cancellation by the commissioner of its license to do business in this state.

SOURCES: Codes, 1942, Sec. 5612; Laws, 1936, ch. 177.

1997 Amendment

SECTION 1. Sections 83-41-1, 83-41-3, 83-41-5, 83-41-7, 83-41-9, 83-41-11, 83-41-13, 83-41-15, 83-41-17 and 83-41-19, Mississippi Code of 1972, which provide for the organization and regulation of hospital and medical service associations by the Commissioner of Insurance, are repealed.

SOURCE: 1997 Laws, Chapter 307, Sec. 1, SB2066, Effective July 1, 1997.