27-16-16
Section 27-16-16 Policy provisions - Conversion to life insurance with less frequent premium
payments. There may be a provision in the case of industrial policies granting to the insured,
upon proper written request and upon presentation of evidence of insurability satisfactory
to the insurer, the privilege of converting any industrial insurance policy to any form of
life insurance with less frequent premium payments regularly issued by the insurer, in accordance
with terms and conditions agreed upon with the insurer. The privilege of making such conversion
need be granted only if the insurer's industrial policies on the life insured, in force as
premium-paying insurance and on which conversion is requested, grant benefits in event of
death, exclusive of additional accidental death benefits and exclusive of any dividend additions,
in an amount not less than the minimum amount of such insurance, with less frequent premium
payments issued by the insurer at the age of the insured on the...
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37-11A-1
Section 37-11A-1 Execution and text of compact. The Governor, on behalf of this state, shall
execute a compact, in substantially the following form, with the State of Mississippi, and
the Legislature approves and ratifies the compact in the form substantially as follows: Northeast
Mississippi - Northwest Alabama Railroad Authority Compact. The contracting states solemnly
agree: Article I. The purpose of this compact is to promote and develop trade, commerce, industry,
and employment opportunities for the public good and welfare in northeast Mississippi and
northwest Alabama through the establishment of a joint interstate authority to acquire certain
railroad properties and facilities which the operator thereof has notified the Interstate
Commerce Commission of an intention to abandon and which are located in any of Franklin, Marion,
or Winston Counties, Alabama or in Alcorn or Tishomingo Counties, Mississippi. Article II.
This compact shall become effective immediately as to the State...
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40-23-4
Section 40-23-4 Exemptions. (a) There are exempted from the provisions of this division and
from the computation of the amount of the tax levied, assessed, or payable under this division
the following: (1) The gross proceeds of the sales of lubricating oil and gasoline as defined
in Sections 40-17-30 and 40-17-170 and the gross proceeds from those sales of lubricating
oil destined for out-of-state use which are transacted in a manner whereby an out-of-state
purchaser takes delivery of such oil at a distributor's plant within this state and transports
it out-of-state, which are otherwise taxed. (2) The gross proceeds of the sale, or sales,
of fertilizer when used for agricultural purposes. The word "fertilizer" shall not
be construed to include cottonseed meal, when not in combination with other materials. (3)
The gross proceeds of the sale, or sales, of seeds for planting purposes and baby chicks and
poults. Nothing herein shall be construed to exempt or exclude from the computation of...

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41-18-1
Section 41-18-1 Text. Article I. Findings and Purposes. (a) The party states find that the
South has a sense of community based on common social, cultural and economic needs and fostered
by a regional tradition. There are vast potentialities for mutual improvement of each state
in the region by cooperative planning for the development, conservation and efficient utilization
of human and natural resources in a geographic area large enough to afford a high degree of
flexibility in identifying and taking maximum advantage of opportunities for healthy and beneficial
growth. The independence of each state and the special needs of subregions are recognized
and are to be safeguarded. Accordingly, the cooperation resulting from this agreement is intended
to assist the states in meeting their own problems by enhancing their abilities to recognize
and analyze regional opportunities and take account of regional influences in planning and
implementing their public policies. (b) The purposes of...
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27-15-11
Section 27-15-11 Life insurance policy provisions - Reinstatement. There shall be a provision
that unless the policy has been surrendered for its cash value, or its cash surrender value
has been exhausted or the period of any extended insurance provided by the policy has expired,
the policy will be reinstated at any time within three years after the date of premium default
upon written application therefor, the production of evidence of insurability satisfactory
to the insurer, the payment of all overdue premiums and payment, or, within the limits permitted
by the then cash value of the policy, reinstatement, of any other indebtedness to the insurer
upon the policy, with interest as to both premiums and indebtedness at a rate not exceeding
the rate of interest on policy loans specified in the policy in accordance with the provisions
of Section 27-15-8, as may be amended from time to time. (Acts 1971, No. 407, p. 707, §356;
Acts 1981, No. 81-381, p. 564, §1.)...
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27-14-29
Section 27-14-29 Rights of beneficiaries, etc., under life insurance policies against creditors,
etc. (a) If a policy of insurance, whether heretofore or hereafter issued, is effected by
any person on his own life or on another life in favor of a person other than himself or,
except in cases of transfer with intent to defraud creditors, if a policy of life insurance
is assigned or in any way made payable to any such person, the lawful beneficiary, or assignee
thereof, other than the insured or the person so effecting such insurance or his executors
or administrators, shall be entitled to its proceeds and avails against the creditors, personal
representatives, trustees in bankruptcy, and receivers in state and federal courts of the
person insured and of the person effecting the insurance, whether or not the right to change
the beneficiary is reserved or permitted and whether or not the policy is made payable to
the person whose life is insured, if the beneficiary or assignee shall...
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27-15-5
Section 27-15-5 Life insurance policy provisions - Entire contract; representations. There
shall be a provision that the policy, or the policy and the application or a summary of such
application, if a copy of the application or a summary thereof is endorsed upon or attached
to the policy when issued, shall constitute the entire contract between the parties and that
all statements contained in the application shall, in the absence of fraud, be deemed representations
and not warranties. In the event of discrepancies between the original application and the
summary, the contents of the original application shall govern. When a summary of the application
is attached to the policy, the insurer shall keep and maintain the original application for
insurance or a copy thereof for a period of not less than three years from the date on which
the policy was issued. (Acts 1935, No. 152, p. 194; Acts 1971, No. 407, p. 707, §350; Acts
1988, No. 88-545, p. 844, §2.)...
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6-10-8
Section 6-10-8 Rights of beneficiaries and assignees under life insurance policies. If a policy
of insurance, whether heretofore or hereafter issued, is effected by any person on his or
her own life or on another life in favor of a person other than himself or herself or, except
in cases of transfer with intent to defraud creditors, if a policy of life insurance is assigned
or in any way made payable to any such person, the lawful beneficiary or assignee thereof,
other than the insured or the person so effecting such insurance, or his or her executors
or administrators, shall be entitled to its proceeds and avails against the creditors and
representatives of the insured and of the person effecting the same, whether or not the right
to change the beneficiary is reserved or permitted and whether or not the policy is made payable
to the person whose life is insured if the beneficiary or assignee shall predecease such person;
provided, that subject to the statute of limitations, the amount...
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27-15-12
Section 27-15-12 Life insurance policy provisions - Payment of premiums; increases. (a) There
shall be a provision relative to the payment of premiums. (b) A premium may not be increased
unless the policy or a document delivered with the policy contains a provision in writing
placing the consumer on notice that the premium may be increased; provided that nothing contained
in this subsection shall be interpreted to require the continuation of coverage that is not
otherwise guaranteed under the terms of the policy. (Acts 1971, No. 407, p. 707, §357; Act
2006-614, p. 1683, §1.)...
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27-15-6
Section 27-15-6 Life insurance policy provisions - Misstatement of age or sex. There shall
be a provision that if the age or sex of the insured or of any other person whose age or sex
is considered in determining the premium has been misstated, any amount payable or benefit
accruing under the policy shall be such as the premium would have purchased at the correct
age or sex. (Acts 1971, No. 407, p. 707, §351.)...
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