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BOI before the federal deadline to avoid $591/day penalties. File before 1/1/2025
Days Hours Minutes Seconds until the deadline. Act now to allow time for info collection and filing delays.
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Licensing requirements for Mississippi insurance professionals and companies.
This page provides an overview of insurance licensing in Mississippi for individuals and companies. You will find state requirements, application fees, filing instructions, and more. For assistance with licensing, please contact us to learn about our software and managed license services.
Companies that provide insurance producer services in Mississippi must apply for a license prior to doing
business. Depending on the lines of authority offered by the entity and the types of services offered, multiple
firm licenses may be required.
Before applying, firms should ensure that the licensed individual to be appointed agent in charge has the
necessary licenses. Firms should also gather proof of incorporation, or foreign qualification for out-of-state
firms, in anticipation of application requirements.
No certificate is required for those private review agents conducting general in-house utilization review for hospitals, home health agencies, preferred provider organizations or other managed care entities, clinics, private physician offices or any other health facility or entity, so long as the review does not result in the approval or denial of payment for hospital or medical services for a particular case.
Initial Registration
Agency Fee:
$1,150
Notes:
Contact the department for an application form.
Required Attachments:
Utilization review plan
A written protocol describing the appeals procedure
A copy of any form which shall be completed during the appeals procedure
Time frames that shall be met during the appeal procedure
The names and qualifications of personnel making final appeal determinations
Registration Renewal
Agency Fee:
$1,150
Due:
Biennially by the date of issuance.
Notes:
Contact the department for a renewal form.
Mississippi Public Adjuster Entity License - Non-Resident
Names, addresses, social security numbers, professional qualifications, and titles of all key employees who conduct affairs on behalf of the administrator
All members/managers of the LLC, owners holding directly or indirectly ten percent (10%) or more of the voting securities of the administrator; and any other person who exercises control or influence over the affairs of the administrator
Annual financial statements or reports for the two (2) most recent years which prove that the applicant is solvent.
Statements must include a balance sheet and income statement and be accompanied by an affidavit containing the original signatures of two officers of the TPA verifying that the financial statements are true and correct and have been prepared on the GAAP or SAP basis of accounting. Certified Audited Financials of the licensed TPA also may be submitted.
If the financial statements are filed on a consolidated basis, they must include a breakout of the licensed TPA. The commissioner may require additional information in order to review the current financial condition of the applicant
A statement describing the business plan
Information on staffing levels and activities proposed in this state and nationwide.
The plan must provide details setting forth the administrator's capability for providing a sufficient number of experienced and qualified personnel in the areas of claims processing, record keeping and underwriting
If the applicant will be managing the solicitation of new or renewal business, proof that it employs or has contracted with an agent licensed by this state for solicitation and taking of applications.
Any applicant which intends to directly solicit insurance contracts or to otherwise act as an insurance agent must provide proof that it has a license as an insurance agent in this state
Electronic verification of an Applicant’s resident license through the NAIC’s State Producer Database in lieu of requiring an original Letter of Certification from the resident state.
All administrators must enclose the following: (A) All basic organizational documents of the administrator, including any articles of incorporation, articles of association, partnership agreement, trade name certificate, trust agreement, shareholder agreement and other applicable documents and all amendments to such documents; (B) The bylaws, rules, regulations or documents regulating the internal affairs of the Administrator; (C) The names, addresses, official positions and professional qualifications of the individuals who are responsible for the conduct of affairs of the administrator; including all members of the board of directors, board of trustees, executive committee or other governing board or committee; the principal officers in the case of a corporation or the partners or members in the case of a partnership or association; shareholders holding directly or indirectly ten percent (10%) or more of the voting securities of the administrator; and any other person who exercises control or influence over the affairs of the administrator; (D) Annual financial statements or reports for the two (2) most recent years which prove that the applicant is solvent. These statements must include a balance sheet and income statement and be accompanied by an affidavit containing original signatures of two officers of the TPA verifying that the financial statements are true and correct and have been prepared on the GAAP or SAP basis of accounting. Certified Audited Financials of the licensed TPA also may be submitted. If the financial statements are filed on a consolidated basis, they must include a breakout of the licensed TPA. The Commissioner may require additional information in in order to review the current financial condition of the applicant; (E) A statement describing the business plan including information on staffing levels and activities proposed in this state and nationwide. The plan must provide details setting forth the administrator's capability for providing a sufficient number of experienced and qualified personnel in the areas of claims processing, record keeping and underwriting; (F) If the applicant will be managing the solicitation of new or renewal business, proof that it employs or has contracted with an agent licensed by this state for solicitation and taking of applications. Any applicant which intends to directly solicit insurance contracts or to otherwise act as an insurance agent must provide proof that it has a license as an insurance agent in this state;
Filing fees depend on your individual situation. We do our best to calculate your filing fees
upfront and collect those fees today so we can get started. Your specialist will determine your
exact filing fees and invoice additional fees if required.
