19 Miss. Code. R. 2-1.02.2

Current through December 10, 2024

Section 19-2-1.02.2 - Section 2

No company or person shall deliver within this State, or issue for deliverywithin this State, any life insurance policy or contract of annuity or other printed material describing premium payments in language which states the payment is a "Deposit", unless:

A. The payment establishes a debtor-creditor relationship between the insurancecompany and the policyholder; or

B. The term is used in conjunction with the word "Premium" in such a manner as to clearly indicate the true character of the payment.

19 Miss. Code. R. 2-1.02.2