27-15-89 - Supervising general agents and managing general agents. - Mississippi Statutes

§ 27-15-89. Supervising general agents and managing general agents.
 

[Until November 1, 2009, this section shall read as follows:]
 

(1)  Upon each such unincorporated general agent as defined in Section 83-17-1  ............ $50.00. 

(2)  Upon each traveling salaried representative, not otherwise taxed by this section, of underwriters, associations and reciprocal insurance exchanges and who is compensated on a commission basis  ............ $50.00. 

(3)  Upon each traveling salaried representative, not otherwise taxed by this section, of underwriters, associations and reciprocal exchanges and who is compensated solely on a salaried basis  ............ $20.00. 

(4)  Upon each unincorporated "supervising general agent" for life, health and accident insurers as defined in Section 83-17-1  ............ $50.00. 
 

The privilege licenses issued under this section to "supervising general agents" shall not constitute authority to solicit business within the State of Mississippi, and shall be renewed annually at the time and in the manner prescribed by Section 83-17-25 on application forms which shall be furnished by the Commissioner of Insurance and shall show the name of the insurance company or companies such "supervising general agent" represents, and other additional information as may be required by the Commissioner of Insurance. 
 

[From and after November 1, 2009, this section shall read as follows:]

(1)  Upon each supervising general agent as defined in 
 

Section 83-17-1  ............ $ 100.00. 

(2)  Upon each managing general agent as defined in 
 

Section 83-18-103  ............ $ 100.00. 
 

The privilege licenses issued under this section to "supervising general agents" shall not constitute authority to solicit business within the State of Mississippi, and shall be renewed annually at the time and in the manner prescribed by Section 83-17-25 on application forms which shall be furnished by the Commissioner of Insurance and shall show the name of the insurance company or companies such "supervising general agent" represents, and other additional information as may be required by the Commissioner of Insurance. 
 

Sources: Codes, 1942, § 9539; Laws,  1940, ch. 120; Laws, 1944, ch. 138, § 21; Laws, 1948, ch. 353, § 2, 1962, ch. 477, § 1; Laws, 1977, ch. 334, § 3; Laws, 1985, ch. 433, § 3; Laws, 2001, ch. 510, § 29; Laws, 2009, ch. 448, § 3, eff from and after Nov. 1, 2009.