19 Miss. Code. R. 1-38.01
The Mississippi Department of Insurance has seen a dramatic increase in the number of filings made in the life, annuity, and accident and health arena. These filings are becoming more complex thereby requiring a more detailed analysis. Due to the complexity of these filings, more have to be reviewed by the Department's consulting actuaries. As a result of the aforementioned, these reviews are taking longer than they have in the past.
In an attempt to expedite and become more efficient in our review and approval of form and rate filings in Mississippi, the Mississippi Department of Insurance will, pursuant to the authority granted to the Department in Senate Bill 2502, offer all companies licensed to write life, credit life, annuity, and accident and health contracts in Mississippi the option of paying the actuarial fees associated with the review and approval of said forms.
The purpose of this Regulation is to establish an expedited form and rate review process for all life, credit life, annuity, and accident and health contracts filed with the Mississippi Department of Insurance.
19 Miss. Code. R. 1-38.01