41-13-107 - Trust not subject to insurance laws. - Mississippi Statutes

§ 41-13-107. Trust not subject to insurance laws.
 

Neither the establishment of a trust under Section 41-13-101 nor the participation of a hospital in such trust shall constitute a "contract of insurance" within the meaning of Section 83-5-5, and the trust shall not be considered an "insurance company" or any other concern subject to the inspection and supervision of the Insurance Commissioner within the meaning of Section 83-5-1 or of the Insurance Commission within the meaning of Section 83-3-1 et seq. 
 

Sources: Laws,  1982, ch. 370, § 4; repealed, Laws,  1984, ch. 495, § 38; reenacted and amended, Laws,  1985, ch. 474, § 38; Laws, 1986, ch. 438, § 24; Laws, 1987, ch. 480, § 4, eff from and after passage (approved April 15, 1987).