Requirement for licensing.

Miss. Code Ann. § 83-45-3
in effect
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Requirement for licensing shall be as follows: A deposit with any depository approved by the state for the benefit of policyholders/members in the amount of One Dollar ($1.00) for each policyholder currently insured to guarantee perpetuation of the organization until all membership contracts are terminated. A deposit in a like amount to a catastrophe fund, but this deposit shall be made on the first renewal of each contract.
Source: Public.Resource.Org MS CodeURL: https://unicourt.github.io/cic-code-ms/transforms/ms/ocms/r78/gov.ms.code.title.83.htmlFetched: 6/10/2026

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