Rule 19-1-21.05 - Financial Statement Treatment of Certificate of ContributionA certificate of contribution may be shown by a member insurer in its statutory financial statement as an admitted asset in such form and for such amount, if any, and period of time as the commissioner may by order approve, provided, that a member insurer shall in any event at its option have the right to show a certificate of contribution as an admitted asset at percentages of the amount assessed and paid for calendar years as follows:
A. One hundred percent (100%) for the calendar year of issuance of the certificate of contribution;B. Eighty percent (80%) for the first calendar year after the year of issuance of the certificate of contribution;C. Sixty percent (60%) for the second calendar year after the year of issuance of the certificate of contribution;D. Forty percent (40%) for the third calendar year after the year of issuance of the certificate of contribution;E. Twenty percent (20%) for the fourth calendar year after the year of issuance of the certificate of contribution; andF. Zero percent (0%) for the fifth calendar year after the year of issuance of the certificate of contribution and thereafter.19 Miss. Code. R. 1-21.05
Miss. Code Ann. § 83-5-1 (Rev. 2011)