Payment of fee by property and casualty insurers; deposit of fee into Insurance Department Fund; funding of agency expenses; deposit of monies into State General Fund

1. Law
2. Mississippi Code
3. Insurance
4. Competitive Rating for Property and Casualty Insurance
5. Payment of fee by property and casualty insurers; deposit of fee into Insurance Department Fund; funding of agency expenses; deposit of monies into State General Fund

1. This section applies to all forms of property and casualty insurance on risks or operations in this state by any insurer authorized to do business in this state, except:
   1. Accident and health;
   2. Ocean marine insurance;
   3. Reinsurance;
   4. Aircraft liability and aircraft hull insurance;
   5. Title insurance;
   6. Credit accident and health insurance.
2. All such insurers shall pay to the Commissioner of Insurance a fee of Fifteen Dollars ($15.00) for each form or rate filing filed with the commissioner. The commissioner shall pay such fees into the special fund in the State Treasury designated as the "Insurance Department Fund."
3. From and after July 1, 2016, the expenses of this agency shall be defrayed by appropriation from the State General Fund and all user charges and fees authorized under this section shall be deposited into the State General Fund as authorized by law.
4. From and after July 1, 2016, no state agency shall charge another state agency a fee, assessment, rent or other charge for services or resources received by authority of this section.

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