Mississippi § 83-55-9 - Risk retention groups not to participate in insolvency guaranty funds; no benefits to be received from funds.
Full text of Mississippi Mississippi Code of 1972 Annotated § 83-55-9 — Risk retention groups not to participate in insolvency guaranty funds; no benefits to be received from funds., with citation guidance and answers to common questions.
§ 83-55-9. Risk retention groups not to participate in insolvency guaranty funds; no benefits to be received from funds.
No risk retention group shall be required or permitted to join or contribute financially to any insurance insolvency guaranty fund or similar mechanism, in this state, nor shall any risk retention group, or its insureds or claimants against its insureds, receive any benefit from any such fund for claims arising under the insurance policies issued by such risk retention group. When a purchasing group obtains insurance covering its members’ risks from an insurer not authorized in this state or a risk retention group, no such risks, wherever resident or located, shall be covered by any insurance guaranty fund or similar mechanism in this state. When a purchasing group obtains insurance covering its members’ risks from an authorized insurer, only risks resident or located in this state shall be covered by any state guaranty fund.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 83-55-9
What does Mississippi Code of 1972 Annotated § 83-55-9 cover?
Section 83-55-9 ("Risk retention groups not to participate in insolvency guaranty funds; no benefits to be received from funds.") 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 § 83-55-9?
A common citation format is "Mississippi Code of 1972 Annotated § 83-55-9" (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 § 83-55-9 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.