30 Miss. Code. R. 1601-9.1 - Administration

A. Invitations to bid on the Errors and Omissions coverage shall be by advertisement published in the appropriate newspaper having state-wide coverage.

B. Selection and approval of the Errors and Omissions Insurance carrier shall be by Commissioners utilizing consultants or committees as deemed appropriate by the Commission.

C. Upon approval of the carrier, invoices shall be sent via First Class Mail to all licensees; including companies and corporations; along with the necessary information describing the various available coverages, the period of coverage and the minimum requirements for independent coverage if desired by a licensee.

D. Coverage shall be a twelve month period beginning October 1, 1994, and continuing thereafter on twelve month basis.

E. Premiums shall be collected by the carrier or the Commission, at the Commission's discretion.

F. The Commission may maintain computer or written records as required for accurate documentation and administration of this program.

Notes

30 Miss. Code. R. 1601-9.1

Miss. Code Ann. §§ 73-35-35