SEC. 83-41-119. Approval of expenses; agents' certificate.

All acquisition and administrative expenses in connection with such corporation shall at all times be subject to the approval of the commissioner.

Every agent of any corporation organized under this article shall be required to obtain annually from the commissioner of insurance a certificate under the seal of his office showing that the corporation for which he or she is an agent is licensed to do business in this state, and that he or she is an agent of said corporation and duly authorized to do business for it. Every such agent on demand shall exhibit the said certificate to the person from whom he or she shall solicit contracts, and every such agent shall annually pay privilege tax of five dollars. The commissioner of insurance may issue a duplicate certificate in case of loss or destruction of the original certificate and charge therefor a fee of fifty cents, and the commissioner of insurance shall have the right to pass upon the qualifications of any such agent before issuing to him or her a license and for good cause shall have the right to cancel such license.

SOURCES: Codes, 1942, Sec. 5615-10; Laws, 1948, ch. 349, Sec. 10.

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and regulation of nonprofit hospital, medical and surgical service corporations by the Commissioner of Insurance, are repealed.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.