Regulation · Mississippi

Mississippi Insurance Department REGULATIONS on life and annuity contracts, variable and universal life, credit life, illustrations, replacement and annuity suitability

19 Miss. Admin. Code, Part 2 (Life)

Publisher: Mississippi Insurance Department
Edition: 19 Miss. Admin. Code, Part 2
Last checked: 2026-09-02
Status: Mississippi Insurance Department regulations

Edition and licensing notes

Publisher. Mississippi Insurance Department (mid.ms.gov)

Edition. 19 Miss. Admin. Code, Part 2 (Life), adopted regulations as listed on the MID Regulations page on 2026-09-02; most recent component Chapter 18, effective January 1, 2022

Status. Mississippi Insurance Department regulations (19 Miss.

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What this document is

19 Miss. Admin. Code, Part 2 (Life) - Mississippi Insurance Department REGULATIONS on life and annuity contracts, variable and universal life, credit life, illustrations, replacement and annuity suitability 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 2, Rule 18.09(A) (Suitability In Annuity Transactions: recordkeeping)
“Insurers, general agents, independent agencies and insurance producers shall maintain or be able to make available to the commissioner records of the information collected from the consumer, disclosures made to the consumer, including summaries of oral disclosures, and other information used in...”
19 Miss. Admin. Code Part 2, Rule 13.06(B) (Life Insurance Model Illustrations: general rules and prohibitions)
“When using an illustration in the sale of a life insurance policy, an insurer or its producers or other authorized representatives shall not: 1. Represent the policy as anything other than a life insurance policy; 2. Use or describe non-guaranteed elements in a manner that is misleading or has the...”
19 Miss. Admin. Code Part 2, Rule 13.09(B) (Delivery of Illustrations and Record Retention)
“If no illustration is used by an insurance producer or other authorized representative in the sale of a life insurance policy or if the policy is applied for other than as illustrated, the producer or representative shall certify to that effect in writing on a form provided by the insurer. On the...”
19 Miss. Admin. Code Part 2, Rule 1.03.2 (Misleading Sales Presentation and Solicitation Statements: twisting device)
“No insurance company, insurance agent, solicitor, nor insurance company representative shall as a competitive or “twisting device”, inform any policyholder or prospective policyholder that any insurance company was required to change a policyform or related material to comply with the provisions of this regulation.”
19 Miss. Admin. Code Part 2, Chapter 13, Rule 13.09(A) (Life Insurance Model Illustrations, Delivery of Illustrations and Record Retention)
“If a basic illustration is used by an insurance producer or otherauthorized representative of the insurer in the sale of a life insurance policy and the policy is applied for as illustrated, a copy of that illustration, signed in accordance with this regulation, shall be submitted to the insurer at...”
19 Miss. Admin. Code Part 2, Chapter 10, Rule 10.05 (Regulation of Certain Payments in Connection with the Sale of Credit Life and Credit Disability Insurance)
“Nothing herein shall be construed as permitting the offer or sale or issuance of a policy or certificate of credit insurance other than by an authorized insurer or through an agent licensed to write credit insurance.”
19 Miss. Admin. Code Part 2, Chapter 14, Rule 14.03(B) (Life Insurance and Annuities Replacement Regulation, Duties of Producers)
“If the applicant answered “yes” to the question regarding existing coverage referred to in Subsection A, the producer shall present and read to the applicant, not later than at the time of taking the application, a notice regarding replacements in the form as described in Appendix A or other...”
19 Miss. Admin. Code Part 2, Chapter 9, Rule 9.07(C) (Universal Life Regulation, Mandatory Policy Provisions: Policy Guarantees)
“The policy shall provide guarantees of minimum interest credits and maximum mortality and expense charges. All values and data shown in the policy shall be based on guarantees. No figures based on non‐guarantees shall be included in the policy.”
19 Miss. Admin. Code Part 2, Chapter 5, Rule 5.08(G) (Variable Life Insurance, Information Furnished to Applicants)
“illustrations of benefits payable under the variable life insurance contract. Such illustrations shall be prepared by the insurer and shall not include projections of past investment experience into the future or attempted predictions of future investments experience, provided that nothing...”
19 Miss. Admin. Code Part 2, Chapter 1, Rule 1.01.2 (Special Policies: Coupon Policies Or Policies With Pure Endowment Benefits)
“No policy containing more than one pure endowment benefit (whether or not evidenced by coupons, passbooks or other material generally identified with savings, banking or investment institutions) shall be sold or approved for sale in Mississippi after the effective date of these rules, unless it...”
19 Miss. Admin. Code Part 2, Chapter 1, Rule 1.02.2 (Misleading Policy Terms Prohibited: describing a premium payment as a "Deposit")
“No company or person shall deliver within this State, or issue for deliverywithin this State, any life insurance policy or contract of annuity or other printed material describing premium payments in language which states the payment is a “Deposit”, unless: A. The payment establishes a...”
19 Miss. Admin. Code Part 2, Chapter 1, Rule 1.03.1(D) (Misleading Sales Presentation & Solicitation Statements, Representations and Illustrations Prohibited)
“No company or person shall in the sale or offering for sale of any life insurance policy or contract of annuity do any of the following things: A. Make any reference to a policy in such a manner as to misrepresent the true nature of the life insurance or annuity contract involved. B. State or...”

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Questions about this source

19 Miss. Admin. Code, Part 2 (Life) - Mississippi Insurance Department REGULATIONS on life and annuity contracts, variable and universal life, credit life, illustrations, replacement and annuity suitability is a regulation published by Mississippi Insurance Department (mid.ms.gov). Edition: 19 Miss. Admin. Code, Part 2 (Life), adopted regulations as listed on the MID Regulations page on 2026-09-02; most recent component Chapter 18, effective January 1, 2022.

No. This page summarizes the document and links to the official version. Always rely on the text published by Mississippi Insurance Department (mid.ms.gov) for the current law.

Practice questions for Mississippi Life & Health cite this document.

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