Mississippi § 83-5-108 - Consolidated or combined audits.
Full text of Mississippi Mississippi Code of 1972 Annotated § 83-5-108 — Consolidated or combined audits., with citation guidance and answers to common questions.
§ 83-5-108. Consolidated or combined audits.
An insurer may make written application to the commissioner for approval to file audited consolidated or combined financial statements in lieu of separate annual audited financial statements if the insurer is part of a group of insurance companies which utilizes a pooling or one hundred percent (100%) reinsurance agreement that affects the solvency and integrity of the insurer’s reserves and such insurer cedes all of its direct and assumed business to the pool. In such cases, a columnar consolidating or combining work sheet shall be filed with the report, as follows: Amounts shown on the consolidated or combined audited financial report shall be shown on the work sheet. Amounts for each insurer subject to this section shall be stated separately. Noninsurance operations may be shown on the work sheet on a combined or individual basis. Explanations of consolidating and eliminating entries shall be included. A reconciliation shall be included of any differences between the amounts shown in the individual insurer columns of the work sheet and comparable amounts shown on the annual statements of the insurers.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 83-5-108
What does Mississippi Code of 1972 Annotated § 83-5-108 cover?
Section 83-5-108 ("Consolidated or combined audits.") is part of the Mississippi Code of 1972 Annotated, the codified statutory law of Mississippi. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Mississippi § 83-5-108?
A common citation format is "Mississippi Code of 1972 Annotated § 83-5-108" (Mississippi). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Mississippi law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Mississippi official source linked on this page or consult a licensed Mississippi attorney.
How does Mississippi § 83-5-108 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Mississippi can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Mississippi.