Full text of legislative history behind the Insurers Rehabilitation and Liquidation Model Act.
Mississippi Insurers Rehabilitation and Liquidation Model Act Legislative History
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Multi-State
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US-AF02
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PDF
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§ 3-4.01. Pursuant to such authority, every insurance company, either foreign or domestic, authorized to transact accident and sickness business in the State of Mississippi shall, before any policy is issued, file a copy of such policy, accompanied by a rate filing applicable to such policy.
To recover punitive damages on a cause of action for ?bad faith? under Mississippi law, a plaintiff must prove the following elements by a preponderance of the evidence: (1) that the insurer lacked an arguable or legitimate basis for denying the claim; and (2) that the insurer committed a willful or malicious wrong, or ...