83-31-179 - Fees, costs and expenses. - Mississippi Statutes

§ 83-31-179. Fees, costs and expenses.
 

(1)  A director, officer, agent or employee of the mutual insurance company may not receive a fee, commission or other consideration other than that person's usual salary or compensation for aiding, promoting or assisting in a plan of reorganization under Sections 83-31-47 or 83-31-101 through 83-31-181, except as provided by the plan of reorganization approved by the commissioner. 

(2)  All the costs and expenses connected with a plan of reorganization shall be paid for or reimbursed by the mutual insurance company or the mutual insurance holding company. 
 

Sources: Laws,  1998, ch. 576, § 39, eff from and after July 1, 1998.