19 Miss. Code. R. 5-4.01.4

Current through October 18, 2024
Section 19-5-4.01.4 - Definitions

For purposes of this Regulation, the terms hereinafter set forth are defined as follows:

A. "Advisory Board" or "Board" shall mean the Advisory Board of the Pool.

B. "Plan" shall mean the Mississippi Workers' Compensation Assigned Risk Plan as provided for under Section 71-3-111, Mississippi Code Annotated (Supp. 2006).

C. "Pool" shall mean the Mississippi Workers' Compensation Assigned Risk Pool as provided for under Section 71-3-111, Mississippi Code Annotated (Supp. 2006).

D. "Plan Administrator" shall mean such organization as is designated by the Commissioner of Insurance for the State of Mississippi to administer the affairs of the Plan.

E. "Pool Administrator" shall mean such organization as is designated by the Commissioner of Insurance for the State of Mississippi to administer the affairs of the Pool.

F. "Commissioner" and/or "Regulator" shall mean the Commissioner of Insurance for the State of Mississippi, or his designee.

G. "Servicing Carrier" shall mean those insurance companies licensed and writing workers' compensation insurance within Mississippi, which have been appointed by the Commissioner to provide coverage to employers who have applied for workers' compensation insurance pursuant to the Plan.

H. "Residual Market" and "Residual Market Mechanism" shall mean the Plan and the Pool, collectively.

I. "Member" shall mean an insurance company licensed to write workers' compensation insurance under Chapter 3 of Title 71 of the Mississippi Code of 1972, as amended, each of which is required to be a member of and participant in the Pool.

19 Miss. Code. R. 5-4.01.4