Mississippi § 83-34-5 - Powers and duties.
Full text of Mississippi Mississippi Code of 1972 Annotated § 83-34-5 — Powers and duties., with citation guidance and answers to common questions.
§ 83-34-5. Powers and duties.
The association shall, pursuant to the provisions of this chapter and the plan of operation, and with respect to essential property insurance on insurable property, have the power: To issue policies of essential property insurance on insurable property to applicants; At its option, and with consent of the commissioner, to issue policies of related essential property insurance on insurable property to applicants; To purchase reinsurance for all or part of the risks of the association; To levy and collect recoupable and nonrecoupable assessments from assessable insurers; To issue bonds or incur other forms of indebtedness, including, but not limited to, loans, lines of credit or letters of credit; To establish underwriting criteria consistent with the provisions of this chapter and as approved by the commissioner; To invest and reinvest income and assets subject to the oversight of the commissioner; To enter into contractual agreements with third parties, including the Mississippi Windstorm Mitigation Coordinating Council, for the purposes of developing and implementing windstorm mitigation programs; and All other powers necessary to carry out the provisions and intent of this chapter.
Frequently Asked Questions About Mississippi § 83-34-5
What does Mississippi Code of 1972 Annotated § 83-34-5 cover?
Section 83-34-5 ("Powers and duties.") 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 § 83-34-5?
A common citation format is "Mississippi Code of 1972 Annotated § 83-34-5" (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 § 83-34-5 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.