19 Miss. Code. R. 4-4.01 - Authority and Purpose
A. This regulation
is adopted and promulgated pursuant to the authority granted by Miss.
Code Ann.
§
83-65-101, et
seq. (Rev. 2011), Regulation of Vehicle Service Contracts, and in accordance
with the provisions of The Mississippi Administrative Procedures Law,
Miss. Code Ann.
§
25-43-1.101,
et seq., and the Mississippi Insurance Department Regulation found at
Miss. Admin. Code, Part 1, Chapter 15, which regulation is
entitled, "Rules of Practice and Procedure Before the Mississippi Insurance
Department."
B. The purpose of
this regulation is to set forth rules and procedural requirements which the
Commissioner of Insurance deems necessary for consistent regulation of vehicle
service contracts, companies and entities engaged in the marketing and selling
of these contracts in the State of Mississippi, and to ensure that there is
clear guidance concerning the rules of the Mississippi Insurance Department
pertaining to the regulation of vehicle service contracts.
Notes
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