On July 1, 1997, the Miss. Code Ann. 83-21-21(3), was amended to provide that the Commissioner of Insurance may rely upon the advice and assistance of a duly constituted association of surplus lines agents in carrying out the purposes of the laws on foreign insurance companies contained in Title 83, Chapter 21 of the Miss. Code Ann. (1972).
The Mississippi Surplus Lines Association (MSLA) was established on September 18, 1997 as a private non-profit association to serve this role and has been recognized by the Commissioner of Insurance as the association upon which he will rely for advice and assistance pursuant to the above statutes. MSLA assists in the oversight of the surplus lines market and encourages compliance by surplus lines agents and insurers with the surplus lines laws of Mississippi.
Our purpose is to foster a strong, compliant and lawful non-admitted insurance market. Pursuant to statutory authority, MSLA provides a means for examination of surplus lines coverages and has adopted procedures and practices to assist our members in complying with relevant surplus lines statutes and rules and regulations issued by the Commissioner of Insurance.
