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Mississippi Code Title 83. Insurance § 83-31-27

Current as of January 01, 2025 | Updated by Findlaw Staff

The maximum premium payable by any member shall be expressed in the policy or in the application for the insurance. Such maximum premium may be a cash premium and an additional contingent premium not less than the cash premium, or may be solely a cash premium. No policy shall be issued for a cash premium without an additional contingent premium unless the company has a surplus which is not less in amount than the capital stock required of domestic stock insurance companies transacting the same kind of insurance.

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Cite this article: FindLaw.com - Mississippi Code Title 83. Insurance § 83-31-27 - last updated January 01, 2025 | https://codes.findlaw.com/ms/title-83-insurance/ms-code-sect-83-31-27/

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