Mississippi Insurance Department REGULATION prescribing the Mississippi Life and Health Insurance Guaranty Association summary document and requiring its delivery to the policy or contract owner

What this document is

19 Miss. Admin. Code, Part 1, Chapter 24 - Mississippi Insurance Department REGULATION prescribing the Mississippi Life and Health Insurance Guaranty Association summary document and requiring its delivery to the policy or contract owner is a regulation published by Mississippi Insurance Department (mid.ms.gov). It is one of the Mississippi documents that insurance license exam questions are written from, including mississippi life & health practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• 19 Miss. Admin. Code Part 1, Rule 24.03 (Application and Form of Summary Document)

  “Insurers and HMOs shall retain evidence of compliance with Miss. Code Ann. § 83-23-235(2) and this Regulation for so long as the policy or contract for which the notice is given remains in effect.”

• 19 Miss. Admin. Code Part 1, Rule 24.06 (Appendix A: Summary Document)

  “Your insurer is required by law to provide you with this notice. However, insurance companies and their agents are prohibited by law from using the existence of the Association for the purpose of sales, solicitation or inducement to purchase any form of insurance.”

• 19 Miss. Admin. Code Part 1, Ch. 24, Rule 24.06 (Appendix A Summary Document: maximum protection for each individual)

  “The maximum amount of protection for each individual, regardless of the number of policies or contracts, is $300,000. Special rules may apply with regard to health benefit plans.”

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