Powers and duties.
Miss. Code Ann. § 83-34-5
in effectThe association shall, pursuant to the provisions of this chapter and the plan of operation, and with respect to essential property insurance on insurable property, have the power:
To issue policies of essential property insurance on insurable property to applicants;
At its option, and with consent of the commissioner, to issue policies of related essential property insurance on insurable property to applicants;
To purchase reinsurance for all or part of the risks of the association;
To levy and collect recoupable and nonrecoupable assessments from assessable insurers;
To issue bonds or incur other forms of indebtedness, including, but not limited to, loans, lines of credit or letters of credit;
To establish underwriting criteria consistent with the provisions of this chapter and as approved by the commissioner;
To invest and reinvest income and assets subject to the oversight of the commissioner;
To enter into contractual agreements with third parties, including the Mississippi Windstorm Mitigation Coordinating Council, for the purposes of developing and implementing windstorm mitigation programs; and
All other powers necessary to carry out the provisions and intent of this chapter.
Source: Public.Resource.Org MS CodeURL: https://unicourt.github.io/cic-code-ms/transforms/ms/ocms/r78/gov.ms.code.title.83.htmlFetched: 6/10/2026