Sec. 71-3-167. Commission powers and authority
(1) The commission shall:
(a) Notify the association of the existence of an insolvent self-insurer not later than three (3) days after he receives notice of the determination of the insolvency.
(b) Upon request of the board of directors, provide the association with a statement of compensation payments of each member self-insurer.
(2) The commission may:
(a) Require that the association notify the self-insureds of the insolvent self-insurer and any other interested parties of the determination of insolvency and of their rights under Sections 71-3-151 through 71-3-181. Such notification shall be by mail at their last known address, where available, but if sufficient information for notification by mail is not available, notice by publication in a newspaper of general circulation shall be sufficient.
(b) Suspend or revoke, after notice and hearing, the authority to self-insurer granted under Section 71-3-75, Mississippi Code of 1972, any member self-insurer who fails to pay an assessment when due, or fails to comply with the plan of operation. As an alternative, the commission may levy a fine on any member self-insurer who fails to pay an assessment when due. Such fine shall not exceed five percent (5%) of the unpaid assessment per month, except that no fine shall be less than One Hundred Dollars ($100.00) per month.
(c) Revoke the designation of any servicing facility if it finds claims are being handled unsatisfactorily.
(3) Any final action or order of the commission under Sections 71-3-151 through 71-3-181 shall be subject to judicial review in a court of competent jurisdiction.