Mississippi Surplus Lines Insurance Fees Go Into State’s General Fund

Mississippi Insurance Commissioner Mike Chaney has delivered a $2 million check targeted for the state’s general fund.

The money, derived from fees paid by the surplus lines insurance industry, will go to the Department of Finance and Administration for deposit into the general fund.

This money shift was made possible by recent legislation.

The money represents fees collected by the Mississippi Surplus Lines Association, which collects surplus lines fees and premium taxes under the authority and supervision of Chaney’s office.