Mississippi Administrative Code
Title 30 - Professions and Occupations
Part 1601 - Mississippi Real Estate Commission
Chapter 9 - Errors and Omissions Insurance Coverage
Rule 30-1601-9.2 - Licensee Status

Universal Citation: MS Code of Rules 30-1601-9.2

Current through September 24, 2024

A. Active licensees not submitting the required premium or providing the required proof of acceptable independent coverage within 30 days after the due date of the premium shall be placed automatically on inactive status at the end of the 30 day period.

B. Inactive licensees will not be required to pay the premium until changing to active status and the premium will be assessed on a pro rata basis. However, inactive licensees will be invoiced at the beginning of the policy period. They may pay the full premium at that time if they desire.

C. New licensees will be given notice when their license is issued to provide proof of coverage within 30 days of the issuance of license or pay the premium specified on a pro rata basis. Failure to do so will result in their license being changed to inactive status.

Miss. Code Ann. §§ 73-35-35

Disclaimer: These regulations may not be the most recent version. Mississippi may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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