Mississippi § 83-33-29 - Issuing nonassessable policies without obtaining certificate of nonassessability prohibited; contingent assessment liability.
Full text of Mississippi Mississippi Code of 1972 Annotated § 83-33-29 — Issuing nonassessable policies without obtaining certificate of nonassessability prohibited; contingent assessment liability., with citation guidance and answers to common questions.
§ 83-33-29. Issuing nonassessable policies without obtaining certificate of nonassessability prohibited; contingent assessment liability.
Any domestic reciprocal insurer that has not been issued a certificate allowing it to issue nonassessable policies as provided in Section 83-33-27 shall issue assessable policies. An assessable policy is a policy in which the insurer charges an initial premium but may later charge an additional premium in accordance with the provisions of this section and Section 83-33-31. The contingent assessment liability on any one (1) policy in any one (1) calendar year shall equal the premiums earned on the policy for that year multiplied by not less than one (1) nor more than ten (10) as set forth in the policy. The contingent assessment liability shall not be joint, but shall be individual and several. Each assessable policy issued by the insurer shall plainly set forth a statement of the contingent assessment liability on the front of the policy in capital letters in not less than ten point type.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 83-33-29
What does Mississippi Code of 1972 Annotated § 83-33-29 cover?
Section 83-33-29 ("Issuing nonassessable policies without obtaining certificate of nonassessability prohibited; contingent assessment liability.") 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 § 83-33-29?
A common citation format is "Mississippi Code of 1972 Annotated § 83-33-29" (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 § 83-33-29 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.