Licensing Requirements: Surplus lines brokers are required to be licensed under Mississippi law. Miss. Code Ann. § 83-21-19. To qualify for a license, an applicant must be (1) a qualified holder
Does the state impose a fiduciary obligation on producers with respect to the handling of client funds (e.g. funds, monies, premiums and return premiums)? No. An agent may not, however, improperly
May producers both charge a fee and collect a commission in connection with transactions and services provided to a particular client? Insurance producers may charge fees in addition to or
Currently, Mississippi has no state laws or regulations pertaining to Producer’s Compensation Disclosure.
What entities are covered? “[A] any person who conducts business in [Mississippi] and who, in the ordinary course of the person’s business functions, owns, licenses or maintains personal information of
