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.
Popular Today
- Miami Retirement Fund Class Action Alleges Globe Life Officers Concealed Fraud
- Insurers Get Green Light to Pay Less Than Billed Charges in Florida PIP Cases
- Lloyd’s Insurers Don’t Expect Large Claims From Baltimore Bridge Collapse
- Cracks in O’Hare Columns Aren’t Insured Property Damage, Just Bad Product – Court