19 Miss. Code. R. 6-7.03 - Applicability

This regulation shall apply to those terms defined in Miss. Code Ann. § 83-39-1 (Supp. 1994).

A. Any person, individual or corporation as defined in Miss. Code Ann. § 83-39-1 (Supp. 1994), found in violation of Miss. Code Ann. §§ 83-39-3, 83-39-5, 83-39-13, 83-39-15, 83-39-25 (Supp. 1994) and or their subsections may be fined up to One Thousand Dollars ($1,000.00) per violation and/or their license refused, suspended, revoked or the renewal thereof refused.

B. Any person, individual or corporation as defined in Miss. Code Ann. § 83-39-1 (Supp. 1994), found in violation of Miss. Code Ann. § 83-39-7(Supp. 1994) by allowing Revocation Orders to be sent to the Mississippi Insurance Department may be fined as per the following schedule:

1. First order up to $500.00 fine.

2. Second order within twelve (12) months of first order up to $1,000.00 fine.

3. Third order within twelve (12) months of the first order up to $5000.00 fine and or up to six (6) month license suspension.

4. Fourth order within twelve (12) months of first order, the permanent revocation of the professional bail agent's license and/or up to $10,000.00 fine.

C. Any violation not covered under B herein may carry a fine of up to One Thousand Dollars (1,000.00) per violation and/or license suspension.

D. Any applicant not able to prove "Good Moral Character" required under Miss. Code Ann. § 83-39-9 (Supp. 1994), may have his/her license denied, suspended, revoked or refused at renewal under of Miss. Code Ann. § 83-39-5(a)(Supp. 1994).

E. Any "repeated" violation other than forfeitures on Revocation Orders within a twelve (12) month period may have the following penalty:

1. Second offense within a twelve (12) month period up to $5,000.00 per violation.

2. Third offense within a twelve (12) month period up to $5,000.00 and/or license suspension.

3. Fourth offense within a twelve (12) month period up to $5,000.00 and/or permanent revocation of license.

Notes

19 Miss. Code. R. 6-7.03

Miss. Code Ann. § 83-39-1, et seq. (Rev. 2011)