83-31-173 - Provisions applicable to mutual insurance holding companies; exemptions from certain provisions. - Mississippi Statutes

§ 83-31-173. Provisions applicable to mutual insurance holding companies; exemptions from certain provisions.
 

Each mutual insurance holding company shall be subject to the applicable laws and rules of this state relating to insurance holding company systems. A mutual insurance holding company shall not be subject to provisions of Title 83 of the Mississippi Code or rules adopted thereunder with respect to the writing of insurance or required capital or surplus. A mutual insurance holding company system shall be considered an insurance holding company system but shall not require separate approval under Section 83-31-1 et seq. for an acquisition of controlling stock, ownership interest, assets or control or for a merger or consolidation, share exchange, organization, or reorganization of insurance companies or other transaction with respect to any action approved under the provisions of Sections 83-31-47 or 83-31-101 through 83-31-181. 
 

Sources: Laws,  1998, ch. 576, § 36, eff from and after July 1, 1998.