Regulation LA&H 73-2

TO AMEND AND MODIFY ORDERS DATED MARCH 7 & 13, 1973, PERTAINING TO TEMPORARY LICENSES TO LIFE, HEALTH AND ACCIDENT AGENTS IN MISSISSIPPI
 

WHEREAS, it has been shown that need and justification do exist for modification of the captioned Orders in the instance of the so-called "debit system," in order to insure an uninterrupted service to the policyholders by the collection of weekly and monthly premiums on industrial life, health and accident insurance, notice is hereby given that, effective July 1, 1973, said Orders are revised to the following extent:

    Temporary licenses, not to exceed a period of sixty (60) days, will be granted to industrial life, health and accident agents whoa re responsible for the weekly or monthly collecting of premiums and servicing of accounts pertaining to such industrial life, health and accident business; subject to the following conditions:

    1.    The insurance company requesting temporary license for such agent ha an established basic training program for its agents which has been approved by the Mississippi Insurance Department.

    2.    No additional insurance shall be sold by such agents.