Mississippi § 83-19-207 - Written authorization required for transactions between reinsurance intermediary broker and insurer; minimum contents of authorization.
Full text of Mississippi Mississippi Code of 1972 Annotated § 83-19-207 — Written authorization required for transactions between reinsurance intermediary broker and insurer; minimum contents of authorization., with citation guidance and answers to common questions.
§ 83-19-207. Written authorization required for transactions between reinsurance intermediary broker and insurer; minimum contents of authorization.
Transactions between a reinsurance intermediary broker and the insurer it represents in such capacity shall only be entered into pursuant to a written authorization, specifying the responsibilities of each party. The authorization shall, at a minimum, contain provisions that: The insurer may terminate the reinsurance intermediary broker’s authority at any time. The reinsurance intermediary broker shall render accounts to the insurer accurately detailing all material transactions, including information necessary to support all commissions, charges and other fees received by, or owing to, the reinsurance intermediary broker, and remit all funds due to the insurer within thirty (30) days of receipt. All funds collected for the insurer’s account shall be held by the reinsurance intermediary broker in a fiduciary capacity in a bank which is a qualified U.S. financial institution as defined herein. The reinsurance intermediary broker shall comply with Section 83-19-209. The reinsurance intermediary broker shall comply with the written standards established by the insurer for the cession or retrocession of all risks. The reinsurance intermediary broker shall disclose to the insurer any relationship with any reinsurer to which business will be ceded or retroceded.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 83-19-207
What does Mississippi Code of 1972 Annotated § 83-19-207 cover?
Section 83-19-207 ("Written authorization required for transactions between reinsurance intermediary broker and insurer; minimum contents of authorization.") 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 § 83-19-207?
A common citation format is "Mississippi Code of 1972 Annotated § 83-19-207" (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 § 83-19-207 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.