83-7-45 - Authority of commissioner to regulate issuance and sale of contracts for separate accounts and those who issue and sell them. - Mississippi Statutes

§ 83-7-45. Authority of commissioner to regulate issuance and sale of contracts for separate accounts and those who issue and sell them.
 

Notwithstanding any other provision of law, the commissioner of insurance shall have sole and exclusive authority to regulate the issuance and sale of contracts for which separate accounts may be established, the insurers which issue them and the agents or other persons who sell them. The commissioner of insurance also shall have the sole authority to issue such reasonable rules and regulations as may be appropriate to carry out the purposes and provisions of Sections 83-7-27 through 83-7-49, including rules and regulations applicable to the licensing and qualification of agents or other persons who sell such contracts. 
 

Sources: Codes, 1942, § 5649-40; Laws,  1968, ch. 475, § 10; Laws, 1978, ch. 457, § 10, eff from and after July 1, 1978.