83-49-31 - Injunctive relief against plans in violation of chapter; appointment of receivers; enforcement of criminal laws. - Mississippi Statutes

§ 83-49-31. Injunctive relief against plans in violation of chapter; appointment of receivers; enforcement of criminal laws.
 

If the commissioner finds that any prepaid legal services plan operator or its sponsor (a) has failed to comply with any provision of this chapter; (b) is fraudulently operated; (c) is in such condition as to render further plan operations hazardous to the public interest or the interest of subscribers; (d) is financially unable to meet its obligations and claims as they come due; or (e) has violated any other provision of law, he may apply to the circuit court of the first judicial district of Hinds County, State of Mississippi, for an injunction. The court may forthwith issue a temporary injunction restraining the transaction of any business by the plan, and it may, after a full hearing, make the injunction permanent, and appoint one or more receivers to take the plan to settle its affairs, and distribute its funds to those entitled thereto, subject to such rules and orders as the court may prescribe. If it appears that a crime has been committed in connection with the sale, advertisement, administration or management of any prepaid legal services plan, the attorney general of the State of Mississippi may pursue the appropriate criminal action. 
 

Sources: Laws,  1983, ch. 474, § 16, eff from and after July 1, 1983.