SEC. 83-41-115. Expiration of licenses and approval of contracts.

All licenses issued to every such corporation or its agents shall expire on the last day of the next succeeding February.

In addition to the duties of the commissioner herein outlined, it is hereby required that he shall consider all contracts proposed to be issued to subscribers as to terms, forms, rates, and benefits, and no such contract shall be issued or delivered until approved by him. The commissioner shall also fix a maximum number of subscribers for each plan, based upon the facilities available and the utilization experience.

SOURCES: Codes, 1942, Sec. 5615-08; Laws, 1948, ch. 349, Sec. 8.

1997 Amendment

SECTION 2. Sections 83-41-101, 83-41-103, 83-41-105, 83-41-107, 83-41-109, 83-41-111, 83-41-113, 83-41-115, 83-41-117, 83-41-119, 83-41-121, 83-41-123, 83-41-125, 83-41-127, 83-41-129 and 83-41-131, Mississippi Code of 1972, which provide for the organization and regulation of nonprofit hospital, medical and surgical service corporations by the Commissioner of Insurance, are repealed.

SOURCE: 1997 Laws, Chapter 307, Sec. 2, SB2066, Effective July 1 1997.