Mississippi Code
Miss. Code Ann. § 83-34-3 (2026)
Creation of Mississippi Windstorm Underwriting Association; organizational structure; certain licensed insurers to become assessable insurers; association revenues; association not subject to state bid requirements
✓ current as of July 2026
- (1) From and after March 22, 2007, the Mississippi Windstorm Underwriting Association, as created by Chapter 459, Laws of 1987, shall be a separate and independent entity as provided for herein. At its option, the association may incorporate. All assets belonging to the association on or before March 22, 2007, shall hereinafter belong to and remain with the association. There shall be no distribution of income or assets other than for the benefit of the association, which shall have the right to invest and reinvest assets.
- (2) From and after March 22, 2007, the association shall no longer have members. Former "members" of the association shall be "assessable insurers" and shall have no rights to the assets and profits of the association, but shall have the obligation for regular assessments as provided herein. Former members shall continue to have the obligations provided in this chapter before March 22, 2007, for all policyholder claims, costs, damages of any kind and expenses in any manner resulting from losses that occurred before March 22, 2007, for which the association may assess as needed the former members in the manner provided in this chapter before March 22, 2007. As a condition of its authority to continue to transact the business of insurance in this state and by transacting business in this state, each licensed insurer agrees to be bound by the provisions of this statute and the plan of operation as approved by the commissioner, and all amendments and revisions thereto.
- (3) Any licensed insurer first authorized to write insurance after March 22, 2007, shall become an assessable insurer on the first day of January immediately following such authorization. The determination of such insurer's participation in the association shall be made based upon writings in the prior year in the same manner as for all other assessable insurers of the association.
- (4) Except as provided for in Section 83-34-4(6), the premiums, recoupable and nonrecoupable assessments, fees, investment income and other revenue of the association are funds received for the sole purpose of providing insurance coverage, paying claims for Mississippi citizens insured by the association, securing and repaying debt obligations issued by the association, and conducting all other activities of the association, all as required or permitted by this chapter. Such revenue shall not be considered taxes, fees, licenses or charges for services imposed by the State of Mississippi on individuals, businesses, or agencies, and shall not be used for other purposes.
- (5) It is the intent of the Legislature that the association be and act as a nonprofit entity. The association shall be free from taxation of every kind by the state and any political subdivision or other instrumentality thereof. It is the intent of the Legislature that the association be tax exempt from all taxes, including federal taxes, and the association is granted the authority to take those steps necessary to obtain federal tax exempt status.
- (6) Any debt obligations issued by the association, their transfer, and the income therefrom, including any profit made on the sale thereof, shall at all times be free from taxation of every kind by the state and any political subdivision or other instrumentality thereof.
- (7) In the event of the termination of the association by act of the Legislature, or other means, the assets of the association shall be applied first to pay all debts, liabilities and obligations of the association, including the establishment of reasonable reserves for any contingent liabilities or obligations, and all remaining assets of the association shall become property of the state.
- (8) The association shall operate as a private enterprise and shall not be subject to the procurement provisions of Section 31-7-13, and policies and decisions of the association, including, but not limited to, decisions relating to incurring debt, levying of recoupable and nonrecoupable assessments, the issuance and sale of bonds, claims decisions under association policies, hiring and firing of employees, and all services relating to the operation of the association shall not be subject to the provisions of Section 25-9-101 et seq. The association shall not be required to obtain or to hold a license or certificate of authority issued by the commissioner or any other office. The association shall not be required to participate as a member insurer of the Mississippi Insurance Guaranty Association.
Laws, 1987, ch. 459, § 3; Laws, 2007, ch. 425, § 6, eff. 3/22/2007.
Amended by Laws, 2019, ch. 450, HB 444,§ 2, eff. 7/1/2019.
Amended by Laws, 2014, ch. 426, SB 2330, 2, eff. 7/1/2014.
Notes of Decisions
Cited in 5
cases, 2007–2016 · leading case: Mississippi Windstorm Underwriting Ass'n v. Union Nat'l Fire Ins., 86 So. 3d 216 (Miss. 2012).
Mississippi Windstorm Underwriting Ass'n v. Union Nat'l Fire Ins., 86 So. 3d 216 (Miss. 2012). “Miss.Code Ann. § 83-34-3 (2005). Members are required to share in MWUA’s expenses, profits, and losses based on their participation percentage from the previous calendar year.”
Greenwich Ins. v. Mississippi Windstorm Underwriting Ass'n, 808 F.3d 652 (5th Cir. 2015). “3d at 220 (citing Miss.Code Ann. § 83-34-3(2)), but we follow the Supreme Court of Mississippi’s lead and use the term here.”
Ass'n Cas. Ins. v. Allstate Ins., 507 F. Supp. 2d 610 (S.D. Miss. 2007). “Miss.Code Ann. § 83-34-3 (2006). Insurers are required by statute to participate in the MWUA as a condition of transacting insurance anywhere in the state.”
Arrowood Indem. Co. v. Mississippi Windstorm Underwriting Ass'n, 201 So. 3d 453 (Miss. 2016). “Miss. Code Ann. 83-34-3(2) (Supp. 2015). The parties agree that the pre-2007 version of the statutes governs this appeal.”
Ass'n Cas. Ins. Co. v. Allstate Ins. Co., 507 F. Supp. 2d 610 (S.D. Miss. 2007). “Miss.Code Ann. § 83-34-3 (2006). Insurers are required by statute to participate in the MWUA as a condition of transacting insurance anywhere in the state.”
— Miss. Code Ann. § 83-34-3(2) — 3 cases
Mississippi Windstorm Underwriting Ass'n v. Union Nat'l Fire Ins., 86 So. 3d 216 (Miss. 2012). “Miss.Code Ann. § 83-34-3 (2005). Members are required to share in MWUA’s expenses, profits, and losses based on their participation percentage from the previous calendar year.”
Greenwich Ins. v. Mississippi Windstorm Underwriting Ass'n, 808 F.3d 652 (5th Cir. 2015). “3d at 220 (citing Miss.Code Ann. § 83-34-3(2)), but we follow the Supreme Court of Mississippi’s lead and use the term here.”
Arrowood Indem. Co. v. Mississippi Windstorm Underwriting Ass'n, 201 So. 3d 453 (Miss. 2016). “Miss. Code Ann. 83-34-3(2) (Supp. 2015). The parties agree that the pre-2007 version of the statutes governs this appeal.”
— Miss. Code Ann. § 83-34-3(4) — 1 case
Mississippi Windstorm Underwriting Ass'n v. Union Nat'l Fire Ins., 86 So. 3d 216 (Miss. 2012). “Miss.Code Ann. § 83-34-3 (2005). Members are required to share in MWUA’s expenses, profits, and losses based on their participation percentage from the previous calendar year.”
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