83-55-21 - Powers of commissioner; applicable procedures; injunctive relief. - Mississippi Statutes

§ 83-55-21. Powers of commissioner; applicable procedures; injunctive relief.
 

The Commissioner is authorized to make use of any of the powers established under the Insurance Laws of this state to enforce the laws of this state not specifically preempted by the Risk Retention Act of 1986, including the Commissioner's administrative authority to investigate, issue subpoena, conduct depositions and hearings, issue orders, impose penalties and seek injunctive relief. With regard to any investigation, administrative proceedings or litigation, the Commissioner can rely on the procedural laws of this state. The injunctive authority of the Commissioner, in regard to risk retention groups, is restricted by the requirement that any injunction be issued by a court of competent jurisdiction. 
 

Sources: Laws,  1988, ch. 419, § 11, eff from and after July 1, 1988.