Insurance Producer Licensing Statute: purpose/scope, definitions, examination, application, lines of authority, self-storage limited license, nonresident licensing, temporary licenses, violations/penalties, appointment, termination reporting, reciprocity, and prelicensing/continuing education

What this document is

Miss. Code Ann. Title 83, Chapter 17, Articles 1, 2 and 6 (partial) - Insurance Producer Licensing Statute: purpose/scope, definitions, examination, application, lines of authority, self-storage limited license, nonresident licensing, temporary licenses, violations/penalties, appointment, termination reporting, reciprocity, and prelicensing/continuing education is a state statute published by Mississippi Legislature (Miss. Code Ann. Title 83, Chapter 17); body text assembled from the Mississippi Legislature's own enrolled bills that created and most recently amended each section, catchlines and cross-reference resolutions verified against the LexisNexis Mississippi Code Public Access table of contents and full-text search. It is one of the Mississippi documents that insurance license exam questions are written from, including mississippi property & casualty, mississippi personal lines 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.

• Miss. Code Ann. Section 83-17-1(b) (Agent defined; nonactive agent)

  “"Nonactive agent" means an individual who is retired, disabled or has not obtained from the Commissioner of Insurance a current continuous certificate. A nonactive agent shall not solicit new business or service existing businesses, but may receive renewal commissions.”

• Miss. Code Ann. Section 83-17-1(h) (Agent defined; controlled business)

  “A violation of this paragraph shall be deemed to be probable if the commissioner finds that during any twenty-four-month period aggregate commissions or other compensations accruing in favor of the applicant with respect to his own interests or those of his family, relatives, employers, employees...”

• Miss. Code Ann. Section 83-17-7(1) (Commission to unauthorized agent unlawful)

  “It shall be unlawful for any insurance company or any insurance agent to pay, directly or indirectly, any commission, brokerage or other valuable consideration on account of any policy or policies written on risks in this state to any person, agent, firm or corporation not duly licensed as an...”

• Miss. Code Ann. Section 83-17-7(1) (Commission to unauthorized agent unlawful; referral fees)

  “It shall be lawful for an insurance agent, agency or affiliate to pay a referral fee to any unlicensed employee of the agent, agency or affiliate when the employee refers a prospective insured to the licensed agent or agency. The referral fee shall be a one-time nominal fee of a fixed dollar amount...”

• Miss. Code Ann. Section 83-17-37(2) (Expiration of license; application for renewal)

  “Upon the filing of such application for renewal of license and the payment of the required fees, the current license shall continue to be in force until the renewal license is issued by the commissioner or until the commissioner has refused for cause to issue such renewal license, as provided in...”

• Miss. Code Ann. Section 83-17-39(1) (Examination of applicants)

  “(1) Each applicant for a license to act as a producer within this state shall submit to a personal written examination to determine his competence to act as a producer and his familiarity with the pertinent provisions of the laws of this state, and shall pass the same to the satisfaction of the...”

• Miss. Code Ann. Section 83-17-53(h) (Definitions; limited line credit insurance)

  “"Limited line credit insurance" includes credit life, credit disability, credit property, credit unemployment, involuntary unemployment, mortgage life, mortgage guaranty, mortgage disability, guaranteed automobile protection (gap) insurance and any other form of insurance offered in connection with...”

• Miss. Code Ann. Section 83-17-79(1) (Reciprocity)

  “The commissioner shall waive any requirements for a nonresident license applicant with a valid license from his or her home state, except the requirements imposed by Section 83-17-65, if the applicant's home state awards nonresident licenses to residents of this state on the same basis.”

• Miss. Code Ann. Section 83-17-55(2) (License required to sell, solicit or negotiate insurance)

  “No license shall be issued to a partnership unless all the partners thereof satisfy the same requirements in every respect for an individual producer provided for in this article.”

• Miss. Code Ann. Section 83-17-57(2)(a) (Exemptions from licensing requirement)

  “(a) An officer, director or employee of an insurer or of an insurance producer, if the officer, director or employee does not receive any commission on policies written or sold to insure risks residing, located or to be performed in this state and: (i) The officer, director or employee's activities...”

• Miss. Code Ann. Section 83-17-59(1) (Examination)

  “A resident individual applying for an insurance producer license shall pass a written examination unless exempt under Section 83-17-67 or Section 83-17-39. The examination shall test the knowledge of the individual concerning the lines of authority for which application is made, the duties and...”

• Miss. Code Ann. Section 83-17-63(1)(f) (Personal lines)

  “(f) Personal lines: property and casualty insurance coverage sold to individuals and families for primarily noncommercial purposes.”

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Questions about this source

More Mississippi sources

• Miss. Code Ann. Title 83, Chapter 5, Article 1 - Unfair Trade Practices (the Unfair Practices sections, §§ 83-5-27 to 83-5-51, complete)State statute
• 19 Miss. Admin. Code, Part 3 (Accident and Health), Chapters 1, 2, 3, 4, 5 and 7 - Mississippi Insurance Department REGULATIONS on accident and sickness policy filing, 'non-cancelable' and 'guaranteed renewable' terminology, advertising, and coordination of benefitsRegulation
• 19 Miss. Admin. Code, Part 1 (General), Chapters 1, 2, 3, 4, 10 and 37 - Mississippi Insurance Department REGULATIONS on twisting, rebating through package policies, advertising, stock-sale promotion, trusteed group accounts, and military sales practicesRegulation
• 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 ownerRegulation
• 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 suitabilityRegulation
• 19 Miss. Admin. Code - Mississippi Insurance Department REGULATIONS on Medicare supplement and long-term care insurance minimum standardsRegulation
• 19 Miss. Admin. Code, Part 6 (Agents), Chapters 1, 2, 3 and 5 - Mississippi Insurance Department REGULATIONS on producer licensing, temporary and special industrial life/health licenses, agent commissions, and license revocationRegulation
• Mississippi Insurance Content OutlinesCandidate handbook or exam outline