19 Miss. Code. R. § 5-3.07 - Violations and Penalties

Current through December 27, 2021

Failure of an insurer writing homeowners and/or windstorm coverage in this State to comply with a material provision of this regulation shall be considered a violation of Miss. Code Ann. § 83-5-17 and §§ 83-5-29 through 83-5-51 (Rev. 1999), but does not change the coverage selected and paid for by the policyholder and does not in any way operate to expand coverage beyond the terms of the insurance policy. Violation of said statutes may subject the insurer to the suspension or revocation of the insurer's Certificate of Authority, the imposition of an administrative fine, or both.

Notes

19 Miss. Code. R. § 5-3.07

Miss. Code Ann.§§ 83-5-1; 83-5-17; 83-5-29 through 83-5-51 (Rev. 2011)