Mississippi Code
Miss. Code Ann. § 83-23-203 (2026)
Purpose
✓ current as of July 2026
- (1) The purpose of this article is to protect, subject to certain limitations, the persons specified in Section 83-23-205(1) against failure in the performance of contractual obligations, under life, health, and annuity policies, plans or contracts specified in Section 83-23-205(2), because of the impairment or insolvency of the member insurer that issued the policies, plans or contracts.
- (2) To provide this protection, an association of member insurers is created to pay benefits and to continue coverages as limited herein, and members of the association are subject to assessment to provide funds to carry out the purpose of this article.
Laws, 1985, ch. 482, § 2; Laws, 1990, ch. 546, § 1, eff. 7/1/1990.
Amended by Laws, 2020, ch. 304, SB 2227,§ 1, eff. 7/1/2020.
Notes of Decisions
Cited in 6
cases, 1988–2007 · leading case: Mississippi Ins. Guar. Ass'n v. Vaughn, 529 So. 2d 540 (Miss. 1988).
Mississippi Ins. Guar. Ass'n v. Vaughn, 529 So. 2d 540 (Miss. 1988). “" Miss. Code Ann. § 83-23-203 (Supp. 1987).”
Bank of Miss. v. Miss. Life & Health Ins., 730 So. 2d 49 (Miss. 1998). “The Bank further relies on the Legislature's stated purpose in Miss.Code Ann. § 83-23-203(1) to contend that because the United States Congress only intended to provide limited protection to qualified pension benefit plans under ERISA through the PBGC does not establish that the…”
Gregory v. Cent. SEC. Life Ins. Co., 953 So. 2d 233 (Miss. 2007). “Miss.Code Ann. § 83-23-203(1) (Rev. 1999) states: The purpose of this article is to protect, subject to certain limitations, the persons specified in Section 83-23-205(1) against failure in the performance of contractual obligations, under life and health insurance policies and…”
Rowley v. First Columbia Life Ins., 741 F. Supp. 1259 (S.D. Miss. 1989). “Both parties concede that the purpose of the Mississippi Life and Health Insurance Guaranty Association Act is stated in Miss. Code Ann. § 83-23-203 (1985) and reads as follows: The purpose of this article is to protect policy owners, insurers, beneficiaries, annuitants, payees…”
Bank of Miss. v. Miss. Life & Health Ins. Guar. Assn., 850 So. 2d 127 (Miss. Ct. App. 2003). “" Miss.Code Ann. § 83-23-203(1) (1991). Despite this purpose being made "subject to certain limitations," those limitations and the rest of the statute "shall be liberally construed to effect the purpose under Section 85-23-203 which shall constitute an aid and guide to…”
Bank of Mississippi v. Mississippi Life & Health Ins. Guar. Asn (Miss. 1997). “The Bank further relies on the Legislature's stated purpose in Miss. Code Ann. § 83-23-203 (1) to contend that because the United States Congress only intended to provide limited protection to qualified pension benefit plans under ERISA through the PBGC does not establish that…”
— Miss. Code Ann. § 83-23-203(1) — 3 cases
Gregory v. Cent. SEC. Life Ins. Co., 953 So. 2d 233 (Miss. 2007). “Miss.Code Ann. § 83-23-203(1) (Rev. 1999) states: The purpose of this article is to protect, subject to certain limitations, the persons specified in Section 83-23-205(1) against failure in the performance of contractual obligations, under life and health insurance policies and…”
Bank of Miss. v. Miss. Life & Health Ins., 730 So. 2d 49 (Miss. 1998). “The Bank further relies on the Legislature's stated purpose in Miss.Code Ann. § 83-23-203(1) to contend that because the United States Congress only intended to provide limited protection to qualified pension benefit plans under ERISA through the PBGC does not establish that the…”
Bank of Miss. v. Miss. Life & Health Ins. Guar. Assn., 850 So. 2d 127 (Miss. Ct. App. 2003). “" Miss.Code Ann. § 83-23-203(1) (1991). Despite this purpose being made "subject to certain limitations," those limitations and the rest of the statute "shall be liberally construed to effect the purpose under Section 85-23-203 which shall constitute an aid and guide to…”
— Miss. Code Ann. § 83-23-203(1)(1991) — 1 case
Bank of Miss. v. Miss. Life & Health Ins., 730 So. 2d 49 (Miss. 1998). “The Bank further relies on the Legislature's stated purpose in Miss.Code Ann. § 83-23-203(1) to contend that because the United States Congress only intended to provide limited protection to qualified pension benefit plans under ERISA through the PBGC does not establish that the…”
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