No insurance company, agent, agency or representative of same, shall enter into any contract, lease or other agreement with a lending institution which results in:
The dollar amount of rent paid by an insurance company, agent, agency or representative of same, to a lending institution shall be on a strict square footage basis, and shall not be based on a percentage of premium income.
Any compensation, rental fee and/or expense reimbursement paid by the insurance company, agent, agency or representative of same, to the lending institution or its employees must be commercially reasonable considering all material and relevant circumstances and must meet the requirements of all applicable law.
No insurance company, agent, agency or representative of same, may enter into any agreement which requires a lending institution or its employees to provide support services which are prohibited by applicable law. By way of illustration and not limitation, the following support services are specifically prohibited: adjustment and payment of losses; amendment of insurance contracts to keep coverages current; collection of premiums; issuance of policies, certificates and other documents; return of unearned premiums; payment of cash values; and transmittal of applications for insurance contract.
19 Miss. Code. R. 1-17.04