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The Mississippi Insurance Department is looking toward the future. We are dedicated to creating a competitive marketplace for the sale of insurance while providing Mississippi citizens with the maximum amount of consumer protection. MISSISSIPPI INSURANCE DEPARTMENT 1001 Woolfolk State Office Bldg., 501 N. West St., Jackson, MS 39201-@MSInsuranceDept 800-562-2957-www.mid.state.ms.us 2011 ANNUAL REPORT MIKE CHANEY COMMISSIONER OF INSURANCE STATE FIRE MARSHAL

John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

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Page 1: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

The Mississippi Insurance Department is looking

toward the future. We are dedicated to creating a

competitive marketplace for the sale of insurance

while providing Mississippi citizens with the maximum

amount of consumer protection.

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2011 ANNUAL REPORT

MIKE CHANEY COMMISSIONER OF INSURANCE

STATE FIRE MARSHAL

Page 2: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance
Page 3: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance Department for the period of January 1, 2011, through December 31, 2011.

This report has been compiled from the records of approximately 2,227 insurance companies licensed or qualified to conduct the business of insurance within the State of Mississippi.

This report includes the financial summaries, underwriting experiences and recapitulation of the insurance business written within the State of Mississippi. This report also includes licenses issued, taxes, fees and assessments collected from the insurance industry, and a summary of the duties and activities of the Department.

The Commissioner is charged with ensuring that all laws relating to matters under his supervision are faithfully executed. The goal of the Mississippi Insurance Department is to become more efficient and responsive to the needs of the general public, while encouraging a fair and competitive market for insurance.

My staff and I are very proud to serve the people of Mississippi.

Respectfully submitted,

Mike Chaney Commissioner of Insurance State Fire Marshal

Page 4: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

TABLE OF CONTENTS

EXECUTIVE SUMMARY…………………………………………………………………………………...

Mississippi Insurance Department Organization……………………………………………………..

Commissioner of Insurance…………………………………………………………………………….

Deputy Commissioner of Insurance…………………………………………………………………...

Commissioner of Insurance Board Affiliation…………………………………………………………

Regulatory Activities

Legal Affairs and General Counsel Division……………………………………………...……...

Investigations/Fraud Division……………………………………………………………………..

Financial and Market Regulation Division…………………….…………………………………..

Statutory Compliance Division……………………………………………………………………..

Actuary/Health Care Reform Division……………………………………………………………..

Consumer Services Division………………………………………………………………………..

Licensing Division……………………………………………………………………………………

Property & Casualty Rating Division……………………………………………………………….

Support Activities

Administrative Services Division……………………………………………………………………

Management Information Systems Division………………………………………………………

Public Relations Division……………………………………………………………………………

Other Regulatory Activities

State Fire Marshal Division…………………………………………………………………………

Fire Services Development Division……………………………………………………………….

Liquefied Compressed Gas Division………………………………………………………………

State Fire Academy (Sub-Agency)………………………………………………………………...

Statistics

State Fire Marshal…………………………………………………………………………………..

Liquefied Compressed Gas………………………………………………………………………..

Fees Collected for Calendar Year 2011…………………………………………………………..

Business in Mississippi for Calendar Year 2011…………………………………………………

Summary of Financial Condition and Mississippi Premiums & Losses

Licensed Insurers filing on Property/Casualty Blank…………………………………………….

Licensed Insurers filing on Life/Health Blank……………………………………………………..

Licensed Insurers filing on Fraternal Blank……………………………………………………….

Licensed Insurers filing on Title Blank…………………………………………………………….

Licensed Insurers filing on Health Blank………………………………………………………….

1-4

5

6

6

7-9

10

10

11

12

12-13

13

14

14

15

16

17

18

19

19

20-21

22-25

26

27

28

29-66

67-86

87

88

89-92

Page 5: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

EXECUTIVE SUMMARY

STATE OF MISSISSIPPI

1001 Woolfolk Building (39201) Post Office Box 79

Jackson, Mississippi 39205-0079 (601) 359-3569

www.mid.state.ms.us

MIKE CHANEY Commissioner of Insurance State Fire Marshal MARK HAIRE Deputy Commissioner

The Mississippi Insurance Department (MID) continues moving forward to provide a healthy insurance market and to be advocates for the consumers of this state. Our goal is to create the highest degree of economic security, quality of life, public safety and fire protection for the State’s citizens at the lowest possible cost. This is accomplished through a variety of initiatives, including the regulation of the insurance and liquefied compressed gas industries and development of statewide fire services. The MID licenses and monitors the activities of more than 80,000 individuals who hold over 90,000 licenses and 398,000 certificates of authority. The MID approved the levying of fines and administrative penalties totaling $12,250 in 2011. The Investigations and Consumer Protection Division assisted in obtaining $32,264 in premium refunds for consumers. The MID continues to be heavily involved in the liquidation of domestic insurers. This process involves the investigation of the activities and affairs of the insurer to determine what caused the collapse of the insurer. We are charged with pursuing any assets of the insurer. Other duties, where necessary, include filing claims of the insurer against management and other outside parties. The Financial and Market Regulation Division monitored the financial solvency of 2,227 companies with $10.4 billion premiums written in Mississippi. The Division collected $1.3 million in filing fees, analyzed 432 domestic company filings, and commenced 14 examinations. The division managed $36.5 million in pledged securities, participated in 12 multi-state collaborative actions and assessed the financial condition of 118 companies that applied for a license to operate in Mississippi. There were 5,386 Life & Health form filings reviewed and processed through the automated NAIC System for Electronic Rate and Form Filing (SERFF). The Property and Casualty Ratings Division received a total of 3,176 Property and Casualty filings, with 95% submitted through SERFF (electronic) and 5% submitted as paper filings. Our Consumer Services Division received and processed 15,000 telephone calls and requests for assistance and complaints resulting in over $3 million in additional funds being paid to policyholders. During 2011, the MID returned $21,792,599.50 in revenues from surplus lines and privilege license fees to the State’s General Fund. Direct premium tax figures for 2011 were unavailable from the Mississippi Tax Commission. Over $200 million a year goes to the general fund from premium taxes, fees, and fines.

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EXECUTIVE SUMMARY (Continued)

Through Commissioner Chaney’s leadership, the Mississippi Insurance Department is beginning to see results in bringing available, affordable and accountable insurance to all Mississippians. Many of the Department’s new and existing programs continue to see great success in our efforts to accomplish the agency’s mission. The federal Patient Protection and Affordable Health Care Act (PPACA) continues to have a major impact on the department. The new Actuarial and Healthcare Reform Division has spent countless man-hours in analyzing the Act and how the provisions affect the state. Toward compliance with this federal law and creating the establishment of a healthcare exchange run for Mississippians, by Mississippians, the department achieved a number of important goals in 2011, including: conducting thirteen (13) town hall meetings, from June 22, 2011 through June 24, 2011, across the state obtaining stakeholder input and promoting public awareness for a Health Insurance Exchange; improving the Mississippi Insurance Department’s ability to review and approve or disapprove health insurance premium rate filings; obtaining a determination by the United States Department of Health and Human Services (“HHS”) Center for Consumer Information and Insurance Oversight (“CCIIO”) to have an effective rate review program on July 1, 2011; was awarded the “Cooperative Agreement to Support Establishment of State Operated Health Insurance Exchanges” grant totaling $20,143,618 on August 12, 2011; was awarded the “Health Insurance Rate Review Grant Program Cycle II” grant totaling $3,783,208 on September 20, 2011; created the Mississippi Health Insurance Exchange Advisory Board and notified the public of the Exchange Advisory Board application and appointment procedures; and was determined by CCIIO to have an effective external review process on December 21, 2011. The Mississippi Insurance Department maintained its accreditation status in 2011 by meeting all 41 of the legal, financial and organizational accreditation standards set by the National Association of Insurance Commissioners (“NAIC”). The accreditation program is a key tool in promoting and maintaining state-based regulation of the insurance industry. While fulfilling the stated goals of the Mississippi Insurance Department’s mission, unforeseen disasters greatly impacted the duties of the MID during 2011. MID staff and State Fire Marshal deputies responded quickly and efficiently during these events, to assist Mississippians and consumers in surrounding states In April 2011, several counties in North Mississippi fell victim to devastating tornadoes. Particularly hard hit was the town of Smithville. MID and State Fire Marshal staff were on the ground the day following the storm to assist consumers in filing claims and answering insurance questions, in addition to providing law-enforcement assistance to over-taxed local authorities. MID also established a Twitter account (@MSInsuranceDept) to provide immediate disaster claim filing information to storm victims and general consumer information throughout the state. At the request of Alabama authorities, staff was also sent to assist storm victims in Alabama, particularly the Tuscaloosa area, which was devastated by an F-5 tornado.

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The Mississippi Delta and western counties of the state suffered greatly due to the catastrophic flooding of the Mississippi River in the spring of 2011. Again MID and State Fire Marshal staff immediately responded to assist citizens affected by the disaster. Near the end of 2009 and the beginning of 2010, the Mississippi Windstorm Underwriting Association, or Wind Pool, received additional funding of approximately $18 million from the Hurricane Disaster Reserve Fund. This fund was created in 2006 to defray the state's share of any non-federal matching requirements for Federal Emergency Management Agency grants associated with Hurricane Katrina and other disasters. In addition, in Fiscal Year 2010, the Legislature gave the Wind Pool an extra $20 million in subsidy, which Commissioner Chaney held in reserve to maintain level rates in case there was a budget shortfall. These funds were used in the purchase of reinsurance, and enabled the Windpool to maintain stable rates throughout 2010 and 2011. No further subsidies are available to the Windpool to help defray the costs and expenses associated with the purchase of reinsurance. As a result, the Commissioner has directed the Windpool to conduct an actuarial analysis to determine the adequacy of its current rate structure. The outcome of this analysis will determine whether future rate adjustments will be necessary. Eleven new bulletins were issued in 2011, addressing the following: Mississippi NonAdmitted Insurance Statutes; establishment of Insurer Safety Programs; premium moratoriums for storm and disaster victims; use of Geographic Information Systems for Insurance Rating Purposes; dental insurance; submission requirements for health insurance rate increases; the Nonadmitted Insurance Multistate Agreement; establishment of Health Insurance Exchange Advisory Board and Subcommittees; and reporting and collection procedures of premium taxes for Multi-State Surplus Lines Policies. In an active Legislative session, bills were passed addressing the following issues: changing of the requirement for triennial examinations of companies domiciled in the state to five years; revising certain bail bondsmen licensing provisions; authorize the position of State Chief Assistant Deputy Fire Marshal; allow the Commissioner of Insurance to be represented by his designee on State Health Insurance Management Board; revise laws regarding eligibility for the National Flood Insurance Program; the licensure of any vendor to sell, solicit or negotiate coverage under a policy of portable electronics insurance; the exemption from premium taxes on any property risk written by DFA on behalf of the State of Mississippi; enact uniform mitigation standards for homeowners; create an alternative procedure to obtain where there is a total loss settlement regarding a motor vehicle title; appropriations; create Mississippi Small Business Regulatory Flexibility Act; any person engaging in business of distributing or selling liquefied compressed gas to satisfy State Liquefied Compress Gas Board that he is of good character and competent to transact business before being granted a permit; increase membership on the Comprehensive Health Insurance Risk Pool Association; certain exemptions of licensing requirements of insurance adjusters; set surplus lines nonadmitted policy fees to 3%; work with Department of Public Safety and Department of Revenue to create accessible common carrier based on motor vehicle insurance verification system; require MS Building Codes Council to furnish report on standards for statewide building codes to the legislature no later than December 31, 2012.

EXECUTIVE SUMMARY (Continued)

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EXECUTIVE SUMMARY (Continued)

The State Fire Marshal’s Office (SFMO) Smoke Alarm Installation Program continues to act as a vital tool in the fight against fire deaths in the state. During 2011, the SFMO processed 3,163 smoke alarm program participation forms and installed 6,589 smoke alarms. The MID/State Fire Marshal Fire Services Development Division oversees the accountability and distribution of state fire funds to counties and municipalities. For 2011, the Fire Services Division received and processed 2,048 compliance documents to support the issuance of state fire rebate funds. It disbursed $15.3 million in rebate funds to counties and municipalities that met the compliance requirements. Before fire departments are eligible to receive rebate funds, they are required to report all fire incidents in the state incident reporting system which is administered by the Division. The fire departments reported 157,087 incidents. In the Rural Fire Truck Acquisition Assistance Program (RFTAAP), eighteen checks totaling $1.2 million were issued for new Class A fire trucks. Another sixteen checks totaling over $517,000 were disbursed under the Supplemental Rural Fire Truck Acquisition Assistance Program (SRFTAAP). The supplemental program also offers counties the opportunity to apply for matching funds for fire truck grants acquired through programs other than the state. The Mississippi State Fire Academy trained 15,619 students statewide during 2011. The academy delivered 852 courses to career, volunteer, and industrial fire fighters from across the state, nation, and the world. Improvements and additions to the academy continue. In 2011, the Bureau of Buildings started the complete renovation of the Fire Safety Education Auditorium on campus with a June 2012 completion target date; funding for the addition of four (4) new state-of-the-art classrooms on campus was passed by the Mississippi Legislature with a March 2012 completion target date; funding was granted by the Mississippi Legislature for the addition of a new fire prop inside the Burn Building with a March 2012 completion target date.

Other notable achievements at the Academy include acquiring a piece of concrete and steel from the World Trade Center. It is believed this piece came from the North Tower. It is on display in the lobby of the Administration Building on campus. The Academy was also host to a number of prestigious events such as: September 12, 2011- 911 Tenth Anniversary Service; October 11, 2011- Annual Fire Fighter Memorial Service; and October 7-9, 2011- Homeland Security Task Force Training Exercises.

Commissioner Chaney’s goals and agenda for 2012 include continuing the successful programs begun during 2011, including: strengthening and enforcement of building codes along the Mississippi Gulf Coast; working with stakeholders and legislators in preparing Mississippi’s compliance with provisions of the federal Patient Protection and Affordable Care Act and the Dodd-Frank Financial Reform Act; maintaining the financial security of the Mississippi Windstorm Underwriting Association (Wind Pool); and increased fire safety education for all Mississippians in order to reduce fire deaths in the state. Commissioner Chaney will continue his efforts to achieve available, affordable, and accountable insurance for all Mississippians. Commissioner Mike Chaney was recognized with a national honor by being selected chairman of the powerful Property & Casualty C Committee of the National Association of Insurance Commissioners.

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Commissioner of Insurance State Fire Marshal

Mike Chaney

Organization

Deputy Commissioner of Insurance

Legal Affairs and General Counsel

Division

Regulatory Activities

Statutory Compliance Division

Support Activities Other Regulatory Activities

Financial and Market Regulation Division

Management Information Systems

Division

Public Relations Division

Consumer Services Division

Property and Casualty Rating Division

Licensing Division

Administrative Services Division

State Fire Marshal Division

Fire Services Development

Division

Liquefied Compressed Gas

Division

State Fire Academy (Sub-Agency)

Investigation/Fraud Division

Actuary/Health Care Reform Division

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Commissioner of Insurance

Commissioner Elected to a four-year term and may be re-elected. Charged with execution of all laws relative to insurance companies, corporations, associations and

fraternal orders, their agents and adjusters. Licenses and regulates the practices of all insurance companies, agents, burial associations,

fraternal societies, bail bondsmen, and other entities engaged in the business of insurance. As State Fire Marshal, acting through the State Chief Deputy Fire Marshal, investigates all fires

called to his attention occurring in the state, licenses manufacturers, installers/transporters and dealers of manufactured houses and regulates their practices.

Through the Fire Service Development Division, establishes guidelines, use and accountability for municipal and county fire protection funds.

Administers the Liquefied Compressed Gas Equipment Law and enforces the National Fire Protection Association Code.

Serves on the boards of, provides administrative services to, and/or appoints board members to a minimum of 16 different boards, groups, or associations.

Directs the Mississippi Surplus Lines Association (MSLA). MSLA has no separate regulatory powers and enables the Department to ensure that proper premium taxes are paid to the State of Mississippi. As a result of this law, the State receives additional taxes that were not received in previous years.

Commissioner Mike Chaney served seven years in the Mississippi House of Representatives and eight years in the Mississippi Senate. He also served as a key member of the Senate Insurance Committee and was one of the authors of the 2007 Wind Pool Insurance bills credited with boosting the state’s post-Hurricane Katrina recovery. Commissioner Mike Chaney continues to be a member of the NAIC AIG Oversight Group, that was formed to ensure that policyholders of the insurance subsidiaries of American International Group (AIG) remained protected. He currently serves as Chair of the NAIC Property & Casualty B Committee.

Mike Chaney

Mark Haire

Mark Haire has served as Deputy Commissioner of Insurance since July 1, 2009. Prior to being named Deputy Commissioner, Haire served as General Counsel for the MID. He is a graduate of Mississippi College and Mississippi College School of Law.

Deputy Commissioner of Insurance

Deputy Commissioner Oversees all insurance companies the Commissioner has placed into administrative supervision,

rehabilitation and liquidation. In this capacity Mr. Haire utilizes his Special Counsel role, attending court hearings as well as overseeing and coordinating multiple lawsuits and other legal matters.

Serves as the Commissioner's designee/representative on numerous boards such as, the Mississippi Wind Pool, Mississippi Guaranty Association, and the Mississippi Life, Accident and Health Guaranty Association.

Acts as Commissioner during the Commissioner’s absence or inability to act, performing any and all duties of the Commissioner.

Serves as Hearing Officer for Mississippi Insurance Department administrative hearings.

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Commissioner of Insurance or his designee attends meetings of the Mississippi Automobile Insurance Plan, which was created to provide automobile insurance coverage to eligible individuals who are unable to obtain such coverage through the voluntary market. Miss. Code Ann., § 63-15-65.

Commissioner of Insurance appoints two members of this seven member board, which advises the State Fire Marshal with respect to the rules and regulations of the provisions in the Mississippi Residential Electronic Protection Licensing Act. This code sets forth the rules and regulations to establish statewide uniform procedures and qualifications for the licensure of individuals and companies to provide electronic protective systems to the general public. Miss. Code Ann., § 73-69-1 et. seq.

Commissioner of Insurance appoints a member of the State Fire Marshal’s Office as his designee to serve, ex-officio, non-voting on this 11 member board. At its first meeting the board adopted by reference only the latest additions of the discretionary statewide minimum building codes. The purpose of the board is to oversee the provisions of that portion of the Miss. Code Ann., § 17-2-1, which requires Hancock, Harrison, Jackson, Stone, and Pearl River counties and municipalities located therein, to enforce wind and flood mitigation requirements of certain nationally recognized building codes and standards.

Commissioner of Insurance serves on the Boards of, provides Administrative services to, and/or appoints board members

to the various organizations outlined below:

Mississippi Automobile Insurance Plan

Mississippi Building Codes Council

Mississippi Comprehensive Health Insurance Risk Pool Association Commissioner of Insurance appoints four members to this nine member board. This Association provides a mechanism to make health and accident insurance coverage available to those citizens of Mississippi who, because of health conditions, cannot secure such coverage. Miss. Code Ann., § 83-9-211.

Mississippi Electronic Protection Licensing Advisory Board

Mississippi Fire Personnel Minimum Standards and Certification Board

Commissioner of Insurance serves as an ex-officio member of this 11 member board. The Executive Director of the State Fire Academy serves as an ex-officio member of this board. Miss. Code Ann., § 45-11-251.

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Commissioner of Insurance approves the members of this board, which consists of not less than five nor more than nine members. The Association assists in the detection and prevention of insurer insolvencies and provides a mechanism for payment of covered claims for insurance policies written by licensed property and casualty insurance companies to avoid excessive delay in payment and to avoid financial loss to claimants or policyholders because of insurer insolvencies. Miss. Code Ann., § 83-23-101 et. seq.

Commissioner of Insurance approves the members of this board, which consists of not less than five nor more than nine members. The Association assists in the detection and prevention of insurer insolvencies and provides a mechanism for payment of covered claims for insurance policies written by licensed life and health insurance companies to avoid excessive delay in payment and to avoid financial loss to claimants or policyholders because of insurer insolvencies. Miss. Code Ann., § 83-23-201 et. seq.

Commissioner of Insurance serves on this board, which provides coverage to governmental entities for every risk for which the board determines the respective governmental entities to be liable in the event of a claim or suit for injuries. Miss. Code Ann., § 11-46-18.

Commissioner of Insurance approves the plan of operation of this board and appoints three members to the board, which coordinates the availability of wind and hail coverage in the six Mississippi Coastal counties (Hancock, Harrison, Jackson, Pearl River, Stone, and George). Additionally, a designee of the Commissioner attends each meeting of the Association. Miss. Code Ann., § 83-34-1 et. seq.

Commissioner of Insurance approves the plan of operation of this association, which is charged with providing essential property insurance coverage to eligible individuals who have been unable to secure such insurance through the voluntary market. Miss. Code Ann., § 83-38-1 et. seq.

Mississippi Insurance Guaranty Association (Property and Casualty)

Mississippi Life and Health Insurance Guaranty Association

Mississippi Residential Property Insurance Underwriting Association

Mississippi Tort Claims Board

Mississippi Windstorm Underwriting Association

Mississippi Fire Prevention Code Board of Adjustments and Appeals Commissioner of Insurance appoints five members to this board per the Standard Fire Prevention Code. Miss. Code Ann., § 45-11-103.

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Commissioner of Insurance oversees this board, which is vested with the power to regulate matters pertaining to liquefied compressed gas in Mississippi. The Commissioner appoints seven members to this board, including one from each of Mississippi’s four congressional districts, as well as three at-large members. Miss. Code Ann., § 75-57-1 et. seq.

Commissioner of Insurance chairs this committee, which is responsible for reviewing all applications for compliance in regard to established guidelines for applicants to the Rural Fire Truck Acquisition Assistance Program. Miss. Code Ann., § 17-23-1.

Commissioner of Insurance appoints a designee to serve on this Council, which is responsible for advising the State and School Employees Health Insurance Management Board concerning the design of a state insurance plan for state employees. Miss. Code Ann., § 25-15-9.

Commissioner of Insurance serves on this board which shall administer the State and School Employees Life and Health Insurance Plan provided for by Miss. Code Ann., § 25-15-3 et. seq. The Board oversees the activities of the statewide Children’s Health Insurance Program, established under Title XXI of the Social Security Act to provide child health care assistance to targeted, uninsured, low-income children.

Rural Fire Truck Acquisition Assistance Review Committee

State and School Employees Health Insurance Management Board

State Employees Health Insurance Board Advisory Council

State Liquefied Compressed Gas Board

Mississippi Workers’ Compensation Assigned Risk Plan / Mississippi Workers’ Compensation Assigned Risk Pool

Commissioner of Insurance is responsible for administration of the Mississippi Workers’ Compensation Assigned Risk Plan, and it’s reinsurance mechanism, the Mississippi Workers’ Compensation Assigned Risk Pool, as stipulated in Miss. Code Ann., § 71-3-111. The Plan and Pool are organized to provide coverage to eligible employers who seek workers compensation coverage and are unable to obtain such coverage through the voluntary market.

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REGULATORY ACTIVITIES

Legal Affairs and General Counsel Division

DUTIES AND RESPONSIBILITIES Consults with Commissioner, Deputy Commissioner, as well as technical and

professional staff to ensure compliance with state law and Department rules and regulations.

Represents Commissioner in receiverships, liquidations and insolvencies of insurance companies, disciplinary actions against companies and agents, and in other legal matters.

Serves as counsel for Commissioner of Insurance, State Fire Marshal Division, Liquefied Compressed Gas Division, Mississippi State Fire Academy and the Minimum Standards Board.

2011 – The Legal Division handled matters wherein the Department imposed fines and administrative penalties totaling $12,250.00.

Investigations/Fraud Division

2011 – The Investigations and Consumer Protection Division was involved in obtaining $32,264.27 in premium refunds for consumers.

DUTIES AND RESPONSIBILITIES Reviews alleged improper activities of agents and/or companies. Reviews financial statements and other documents for the purpose of detecting fraud

and violations of state and federal law. Renders assistance to and obtains the cooperation of federal, state, county and

municipal law enforcement agencies and prosecutors. Performs field investigations and surveillance as necessary. Collects, coordinates and presents evidence to legal staff for use in administrative

hearings and to law enforcement agencies for prosecution of criminal activities. Consults with staff attorneys and Special Assistant Attorneys General assigned to

Department to develop rules, regulations, and guidelines to protect consumers. Maintains contact with State Insurance Fraud Investigation Divisions in other states

through the NAIC/Antifraud Task Force. Coordinates the review of insurance license applications of individuals with criminal

records.

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Financial and Market Regulation Division

2011- Monitored the solvency of 2,227 companies with $10.4 billion in premiums written in

Mississippi Collected $1,328,110 in filing fees Managed $ 36,585,070 pledged securities Analyzed 432 domestic company filings Commenced 14 examinations of companies Participated in 12 multi-state collaborative actions Monitored the company operations of 595 domestic and foreign companies Assessed the financial condition of 118 companies applying for licensure and

registration Maintained its accreditation status in 2011 by meeting all 41 of the legal, financial, and

organizational accreditation standards set forth by the National Association of Insurance Commissioners (NAIC)

Represented the Commissioner as a committee member of the NAIC Market Analysis Working Group, as well as monitored the developments of international accounting, health reform’s solvency impact, enterprise risk management, corporate governance, group solvency, the Nonadmitted and Reinsurance Reform Act, international regulation, medical loss ratio, life settlement practices, and the Federal Reserve Board’s activities

DUTIES AND RESPONSIBILITIES Performs analysis, reviews, desk audits, and on-site examinations to monitor companies’

compliance with Mississippi insurance laws. Maintains the National Association of Insurance Commissioners’ accreditation standards. Assists the Commissioner with companies that are in administrative supervision,

rehabilitation, or liquidation. Monitors and participates in the development of NAIC model laws and regulations.

REGULATORY ACTIVITIES

2011 Admissions Activity

Accredited Reinsurers Auto ClubsHealth Maintenance Organizations Life  InsurersProperty Casualty Insurers‐multi line Property Casualty Insurers‐single lineRisk Purchasing Groups Risk  Retention GroupsSurplus  Lines – Foreign Third Party Administrators

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Statutory Compliance Division

DUTIES AND RESPONSIBILITIES

Reviews corporate transactions of domestic, foreign and alien insurers, health maintenance organizations (HMOs), societies, auto clubs and associations doing business in Mississippi.

Maintains computer records and permanent files of licensed insurers, eligible non-admitted insurers, residual markets, rate service and advisory organizations.

Issues new, amended and annual renewal licenses for insurers. Disseminates corporate and licensing information on insurers to consumers,

businesses, attorneys, insurer professionals, and other state agencies on daily basis.

2011 - Issued 1,694 company licenses Analyzed 245 corporate filings Collected $545,905.00 in licensing and filing fees For efficiency and cost savings when renewing insurer annual licenses, the Statutory

Compliance Division collects the renewal license fees and also the financial statement related filing fees of two other Divisions

REGULATORY ACTIVITIES

Actuary/Health Care Reform Division

2011 - Conducted thirteen (13) town hall meetings, from June 22, 2011 through June 24,

2011, across the state obtaining stakeholder input and promoting public awareness for a Health Insurance Exchange

Issued Bulletin 2011-7 on June 29, 2011, that improved the Mississippi Insurance Department’s (“MID”) ability to review and approve or disapprove health insurance premium rate filings

Determined by the United States Department of Health and Human Services (“HHS”) Center for Consumer Information and Insurance Oversight (“CCIIO”) to have an effective rate review program on July 1, 2011

Awarded the “Cooperative Agreement to Support Establishment of State Operated Health Insurance Exchanges” grant totaling $20,143,618 on August 12, 2011

Awarded the “Health Insurance Rate Review Grant Program Cycle II” grant totaling $3,783,208 on September 20, 2011

Issued Bulletin 2011-9 on October 18, 2011, in order to create a Mississippi Health Insurance Exchange Advisory Board and notify the public of the Exchange Advisory Board application and appointment procedures

Determined by CCIIO to have an effective external review process on December 21, 2011

Hired four (4) new employees to assist with rapidly growing job duties in the Life and Health Actuarial Division

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Consumer Services Division

2011 - Responded to over 15,000 telephone calls and request for assistance Processed over 1,130 written complaints filed against insurance companies by

consumers Facilitated the recovery of over $3 Million in insurance related benefits on behalf of

Mississippi consumers Provided on-site disaster assistance with processing of insurance claims for natural

disasters in Hinds County, Yazoo County, Monroe County and Warren County .

DUTIES AND RESPONSIBILITIES Intervenes and attempts to resolve disputes between consumers and companies Receives complaints from and interviews policyholders who have questions/problems Reviews insurance coverage for residents. No recommendations are made regarding

whether coverage is adequate or suitable, the aim is to help insureds understand their coverage

Acts as an advocate for the consumer helping them understand their options and the coverage afforded by their insurance policies

Continues on-going process of cross-training that enables temporary reassignment of duties during the aftermath of storms and other catastrophic situations whereby on-site claims assistance can be offered, or when temporary offices are established

Actively participates in community outreach to educate the consumer on insurance related matters through group presentations and training sessions as well as written materials on a wide range of insurance-related topics

Actuary/Health Care Reform Division (Continued)

REGULATORY ACTIVITIES

DUTIES AND RESPONSIBILITIES

Handle any issue related to Life Insurance, Health Insurance, Long Term Care Insurance, Medicare Supplement Insurance, Disability Insurance and Annuities.

Review forms and rates for any of the aforesaid lines of business. Review and approve or disapprove health insurance premium rate filings. Enforce and implement any Federal requirements related to the Patient Protection

and Affordable Care Act (“PPACA”) to ensure state compliance. Promote awareness and educate Mississippians generally about the aforesaid lines

of business, PPACA reforms and the Health Insurance Exchange.

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REGULATORY ACTIVITIES

Licensing Division

DUTIES AND RESPONSIBILITIES Issues licenses and appointments to individuals and business entities to engage in the

business of insurance in the State of Mississippi. Forty-two different license types are offered which may be obtained by individuals and/or business entities.

Provides prompt and efficient customer service, ensures compliance with all statutory requirements.

Promotes national licensing uniformity.

2011 - Issued in excess of 398,000 certificates of authority and 90,000 licenses Processed over 1.2 million transactions in 2011 Director of Licensing was named Chairman of the SIRCON National Producer Licensing

Committee

Property and Casualty Ratings Division

2011 - Received and closed 3176 electronic filings through SERFF, the NAIC electronic filing

system, from January 1, 2011 through December 31, 2011 Various extraneous regulated lines continue to file using paper format. The Division

received and closed 109 paper filings

DUTIES AND RESPONSIBILITIES

Review the filings of rates, rules, and forms of licensed property and casualty insurance companies, and rating/advisory organizations for lines of insurance under §83-19-1, prior to their use in the state (§83-2-7).

Work with outside consulting actuaries on rate filings reviews. Assist companies in making filings compliant with Department rules, regulations, bulletins

and statutes. Provide recommendations and advise Commissioner on approval/disapproval of rates

under regulated lines. Represent Commissioner at meetings of all residual market plans including: Workers

Compensation Assigned Risk Plan, MS Automobile Insurance Plan, MS Windstorm Underwriting Association, and the MS Residential Property Insurance Underwriting Association.

Provide consumer assistance responding to technical questions regarding general insurance and policy specific information.

Page 19: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

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SUPPORT ACTIVITIES

Administrative Services Division

2011 -

129 positions and 13 divisions with employees assigned all over the state

Advanced planning and budgeting allows more work to be accomplished by dedicated employees, thereby creating more efficient operations

Devoted long-term employees and offering continuous training keeps the agency moving ahead professionally, maintaining productivity and providing quality services to the people of Mississippi

DUTIES AND RESPONSIBILITIES Provides support to the agency in the most professional and efficient manner possible,

enabling the Department to carry out its mission at lowest possible cost to State’s taxpayers.

Continues to develop, implement and enhance administrative and budgetary support to the agency by providing a broad array of services. Responsible for the financial management and record keeping of the agency, contract

administration, inventory control, accounts payable, accounts receivable, payroll, statutory deposits and travel.

Processes, through the Agency Receipting System, the special funds obtained to maintain our annual budget.

Oversees all purchasing, coordinates maintenance of departmental office equipment, procurement of blackberry and cell phones, property control, maintenance of agency’s automobiles, and handles all out source of print jobs.

Manages the Department’s appropriation by compiling the necessary information for budget development, budget projections, and monitoring budget changes through expenditures, revenue collections, legislation, and mid-year budget adjustments.

Facilitates all personnel-related matters for the Department, including employee recruitment, staff development, staff retention, performance appraisal, employee benefits, compensation and assistance.

Handles Grievances and Appeals, Workers Compensation and Safety Programs, and Compliance with Civil Service Rules and Regulations.

Provides all daily office operation support to the Department including: centralized document processing, mail services (incoming/outgoing mail and deliveries), vehicle management, supply management, records management, and communications services including telephone, telefax, and photocopying.

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SUPPORT ACTIVITIES

Management Information Systems Division

DUTIES AND RESPONSIBILITIES Provides technological support to the Department to accomplish its’ goals and objectives

as set forth by the Commissioner of Insurance. Serves as a strategic planning partner and proactive participant with other divisions of the

Department, other state agencies and other states’ Insurance Commissioners through the National Association of Insurance Commissioners (NAIC).

Continues to evaluate and use the most appropriate and cost effective technological hardware, software and processes that can be implemented.

Other significant activities of the MIS Division: Provides technological support to MID. Serves as a strategic planning partner and proactive participant with other divisions of

MID, other state agencies and other states’ Insurance Commissioners through the National Association of Insurance Commissioners (NAIC).

Evaluates and uses the most appropriate and cost effective technological hardware, software and processes.

Upgrades MID operating systems and primary software, upgrading and maintaining applications and training users in appropriate and efficient operation.

Offers training courses in-house, through ITS-contracted Mind Leaders Web-based and NAIC.

2011 - Converted Fire Standard Compliant Cigarette System to the new State payment

processing system, Transaction Processing Engine (TPE), provided by Mississippi Interactive

Added an advanced search for an Individual or Entity under Online Services on the web site

Installed state-of-the art equipment in Commissioner’s Conference Room Continued conversion of existing databases to Oracle Working with contractor to develop a web application for rate review for Health Care

Reform in conjunction with our Actuarial staff Continued upgrades to web-based on-line insurance enterprise system Continued enhancements to the website maintained in-house Continued access to the network via Citrix Server for Department staff working remotely to

have appropriate access to software, applications and data Continued upgrades of the Department’s operating systems and primary software,

upgrading and maintaining applications, and training users in appropriate and efficient operation of these systems

Continued training offered via ITS-contracted Mind Leaders Web-based training courses as well as training courses available through NAIC

Continued offering of classroom training and in-house specialized training courses Continued upgrades of desktop computers and laptops to meet the demands of improved

software and users’ needs

Page 21: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

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SUPPORT ACTIVITIES

Public Relations Division

2011 - Issued 22 media press releases on such topics as:

1. Formation of Non-Admitted Insurance Multi-State Agreement 2. Healthcare Exchange Town Hall meetings 3. State involvement in multi-state agreement resulting in increase in tax revenue 4. Consumer Alerts –Unauthorized Alarm Salesmen 5. Commissioner speaking to Congressional delegation on insurance issues 6. Assistance to storm victims following April 2011 Smithville tornado 7. Multiple releases regarding assistance to victims of May 2011 MS River flooding 8. Multiple fire safety releases throughout year on arson, National Children Fire Safety

group, Campus Fire Safety Month, Fireworks, Heating, Cooking, Holiday Safety Represented department at National Hurricane Conference Served on planning committee of 1st Annual State Responder Academy Conference Following Smithville Tornado set up and maintains MID Twitter account. As of 12/31/2011 @MSInsuranceDept had over 200 followers and sent over 200 tweets

DUTIES AND RESPONSIBILITIES Coordinates a public information program to publicize and advance MID objectives and

consumer related issues. Maintains and develops wide range of consumer brochures available through the MID

Consumer Services Division. Explores and implements full use of technology, including the Internet to maximize the

publicity of MID achievements and goals. Automates, as far as practicable, all information distribution functions of all MID Divisions

to assist in increasing productivity of MID staff. Administrator of all MID social media accounts: Twitter, Facebook, etc Serves as liaison between MID and media.

Page 22: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

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OTHER REGULATORY ACTIVITIES

State Fire Marshal Division

DUTIES AND RESPONSIBILITIES Fosters, promotes and develops ways and means of protecting life and property from fire

and related perils through direct action and coordination with Mississippi fire and law enforcement services.

Investigates the origin of fires occurring within Mississippi when requested by the Chief of the Fire Department or other local law enforcement authority.

Investigates any fire called to his attention by any party of interest, whenever in his judgment, there is sufficient evidence or circumstances indicating that such fire may be of an incendiary origin.

Uses polygraph service to conduct arson investigations and on occasion, assists other law enforcement agencies, both state and federal, with examinations on a case-by-case basis.

Serves as a member of the Homeland Security Council with the Mississippi Emergency Management Agency (MEMA) for development and implementation of programs and emergency response in the interest of public safety.

Conducts annual in-service training for the County Arson Investigators Program in conjunction with the State Fire Academy.

Serves as guest instructors for the Basic Arson Investigator Course conducted at the State Fire Academy.

Conducts semi-annual fire drills and safety seminars of state-owned buildings in the Capitol Complex in conjunction with the MS Department of Finance and Administration’s Capitol Police and City of Jackson Fire and Police Departments.

Enforces the Mississippi Fire Prevention Code regarding the inspection of all buildings owned by the state or state agencies, places of public assembly and sprinkler systems of high-rise buildings.

Regulates Factory-Built Homes which requires the licensing of retailers, developers, modular home contractors, manufacturers and independent contracted installer/transporters.

Serves as the State Administrative Agency (SAA) for the U.S. Department of Housing and Urban Development (HUD).

Develops and implements a fire safety education program using nationally recognized standards for the State of Mississippi to reduce loss of life and property from fires.

Establishes statewide uniform procedures and qualifications for the licensure of individuals and companies which offer electronic protective systems to the general public, provide for license renewal and continuing education requirements, to authorize the State Fire Marshal to assess and collect fees, to create the Electronic Protection Licensing Advisory Board, to provide administrative and civil penalties for certain violations, to provide for the effect on local regulation.

2011 - In addition to regular duties outlined in the report on Statistics page performed other duties as follows: Following severe storms, tornadoes, flooding in April, May, June 2011-provided law

enforcement and other support in Greene and Monroe Counties SFMO staff traveled to Alabama to assist with response and recovery following devastating

tornadoes in April-May 2011

Page 23: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

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OTHER REGULATORY ACTIVITIES

Fire Services Development Division

2011 - See Statistics Pages for Activities DUTIES AND RESPONSIBILITIES: Oversees accountability and distribution of State Fire Funds to counties and municipalities Oversees Rural Fire Truck Acquisition Assistance Program (RFTAAP) Oversees Supplemental Rural Fire Truck Acquisition Assistance Program (SRFTAAP) Manages Mississippi Fire Incident Reporting system used by State’s 757 fire departments Manages Fire Safety Education Division

SUPPORT ACTIVITIES

Liquefied Compressed Gas Division

DUTIES AND RESPONSIBILITIES: Establishes and enforces liquefied compressed gas regulations pertaining to the safe

use and handling of butane, propane and anhydrous ammonia. Issues permits to retail dealers, wholesalers, transporters and distributors, and service

technicians of propane. Investigates accidents, upon request, to determine the involvement of liquefied

compressed gas. Inspects premises that store, sell, refine, compound or blend liquefied compressed gas. Conducts safety training schools for liquefied compressed gas dealers and their

employees. Tests and certifies liquefied compressed gas installers and propane delivery drivers.

2011 - See Statistics Pages for Activities

Page 24: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

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Mississippi State Fire Academy (Sub-Agency)

OTHER REGULATORY ACTIVITIES

2011 – 185 students trained in NFPA 1001-I-II (required for all full-time fire fighters)

22 students completed the Volunteer NFPA 1001 based course

29 students completed the Volunteer 48 hour Certification course

373 students completed the Mississippi Certified Volunteer FF Level I course

205 students completed the Mississippi Certified Volunteer FF Level II course

116 students completed the Certified Volunteer Upgrade course

5 students completed the 32 hour Arson Investigation course

67 students completed the Arson Annual In-Service 8 hour course

68 students completed the Fire Investigator course

894 people toured the Academy campus and received fire safety education/information

13,205 students trained in various areas of emergency first response

Total of 15,169 students trained on a state-wide basis

Campus Improvements/Additions

Bureau of Buildings started the complete renovation of Fire Safety Education Auditorium on campus. Target date for completion is June 2012.

Funding for the addition of four (4) new state-of-the-art classrooms on campus was passed by Mississippi Legislature. Target date for completion is March 2012.

Funding was granted by Mississippi Legislature for the addition of a new fire prop inside the Burn Building. Target date for completion March 2012.

The Academy acquired a piece of concrete and steel from the World Trade Center believed to have come from the North Tower. It is on display in the lobby of the Administration Building on campus.

Student dormitory rooms were equipped with small refrigerators for student use.

Lobby of dormitory was equipped with an expansion of exercise equipment for students.

Addition of Pluggie the Fire Robot for fire safety courses and presentations.

Reggie Bell

After being named Executive Director in 2007, Reggie Bell established a formal mission statement to inform the public and the fire service of the purpose of the agency. Agency Mission: To Serve the Mississippi fire service community and the world by providing quality education and training in fundamental and advanced skills to save life and property. MAKING A DIFFERENCE!

Page 25: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

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OTHER REGULATORY ACTIVITIES

Mississippi State Fire Academy (Sub-Agency) cont.

2011- (Continued) Events on Campus

September 12, 2011- 911 Tenth Anniversary Service

October 11, 2011- Annual Fire Fighter Memorial Service

October 7-9, 2011- Homeland Security Task Force Training Exercises

DUTIES AND RESPONSIBILITES

Trains municipal, county, and industrial fire personnel annually by providing quality education and training in fundamental and advanced skills to save life and property.

Offers 11 courses and 23 levels of the National Fire Protection Association classes accredited by the International Fire Service Accreditation Congress (IFSAC).

Offers 15 courses and 25 levels accredited by the National Board on Fire Service Professional Qualifications (ProBoard).

Offers courses on and off campus ranging from three hours to 252 hours in length. Off-campus courses can be requested by any department or industrial client within Mississippi.

Offers two courses per county within Mississippi at no cost to the departments. Provides certain courses which can be used for college credit hours through a program

developed by Meridian Community College's (MCC) Emergency Service Degree Program. The program at MCC is open to any student enrolled in the college's Fire Protection Technology associate degree program.

Receives state and federal grant funds to assist in training students statewide at no cost or reduced cost to the fire departments. Course fees are minimal to the departments.

Provides scheduled tours of the facility for most types of educational, civic and special groups. Age appropriate fire safety/information program is delivered to meet the needs of the audience.

Page 26: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

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FIRE MARSHAL STATISTICS

Fire Related Deaths and Injuries (Based on data reported by 720 departments to the

Mississippi Fire Incident Reporting System)

Civilian Fire Service

**Fire Related Injuries 150 51

Non Fire Injuries 560 22

**Fire Related Deaths 60 0

Non Fire Deaths 97 6

0

100

200

300

400

500

600

Fire Related Injuries Non Fire Injuries Fire Related Deaths Non Fire Deaths

Civilian

Firefighter

**These numbers will not give a complete total. Some injuries/deaths may not have been reported in the incident report complete by the responding fire department. Also, there will be additional injuries which did not require a fire department response.

Page 27: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

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FIRE MARSHAL STATISTICS

Based on data reported to the Mississippi Fire Incident Reporting System

January 1, 2011-December 31, 2011

Fires (All Types) 29,324

EMS/Rescue 92,324

Hazardous Conditions Calls 5,878

Service Calls 6,410

Good Intent Calls 10,395

Severe Weather/Natural Disaster

1,039

Special Incident Calls 643

Unknown Type Incident 11

False Calls 11, 063

TOTAL CALLS 157,087

Fires  (All Types)

EMS/Rescue

Hazardous Condition Ca lls

Service Calls

Good  Intent Calls

Severe Weather/Natural Disaster

 Special Incident Calls

Unknown Incident Type

False Calls

2011 Mississippi Fire Incident Reporting System

Page 28: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

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Fire Marshal Division Activities -Year Ending December 31, 2011

STATISTICS

1. FIRE INVESTIGATIONS

(a) Incendiary 228

(b) Accidental 180

(c) Undetermined 220

Total Fires Investigated 628

Fire Death Investigations 56

Arrest Rate 29%

Polygraph Examinations Conducted 34

Estimated Property Losses on Buildings $1,097,582,207.90

Estimated Property Losses on Contents $496,985,400.53

Insurance Coverage on Buildings $93,429,226.90

Insurance Coverage on Contents $133,764,991.53

2. MISSISSIPPI FIRE PREVENTION CODE

Correctional Facilities Inspections 157

State and County Facilities Inspections 286

Child Care Facilities Inspections 12

Pyrotechnic Display Permits Issued 18

Number of Miscellaneous Inspections 739

Total Fire Safety Inspections by Staff 1,211

3. MANUFACTURED HOUSING

Number of Licenses Issued – (Retailers, Developers, Manufacturers and Installer/Transporters)

134

Number of Inspections Conducted – (Retailer Lots and Consumer Complaints)

166

Number of Consumer Complaints Filed 45

Number of Property Locator Inspections 4,174

Number of Plant Audits and Units Inspected 31

Number of Manufactured Housing Units Inspected on Retailer Lots 858

Number of Plan Reviews – (State, Modular, Other) 499

Page 29: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

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Fire Marshal Division Activities -Year Ending December 31, 2011

STATISTICS

4. MISSISSIPPI RESIDENTIAL ELECTRONIC PROTECTION

Number of New Applications submitted – (Class A, B, C, D, T) 742

Number of Licenses Issued – (Class A, B, C, D. T) 1,186

Number of Investigations 39

Number of Inspections 28

Number of Background Checks Conducted 999

6. Fire Safety Education

Risk Watch Sessions 6

Fire Safety Presentations 37

Conference Attended 7

Events Attended 37

Estimated Number of People Reached 15,903

Smoke Alarm Trainings 34

Smoke Alarm Forms Processed 3,163

Smoke Alarms Installed 6,589

5. FIRE SERVICES DIVISION

Compliance forms processed 2,048

Rebate Funds dispersed $15,391,087.32

RFTAAP Funds dispersed $1,240,000.00

SRFTAAP Funds dispersed $517,109.75

Incidents reported Statewide (2.7% decrease from 2010) 151,189

RFTAAP checks issued 18

SRFTAAP Checks issued 16

State/Regional Meetings Held 22

Page 30: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

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Liquefied Compressed Gas Division Activities

Installation reports received 12,050

Installations inspected 6,345

Installations disapproved 39

Schools inspected using L. P. Gas as an energy source 68

Bulk storage plants inspected 271

Bob Tail trucks inspected 279

Review, examine and audit L. C. Gas dealer locations 2,630

Installer and drivers tested and approved 109

Participation in safety and training meetings 222

Accidents investigated 6

New Permits Issued (Class 1) 9

L. P. Gas cylinder filling locations inspected 302

Page 31: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

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STATISTICS

Mississippi Insurance Department Year Ending December 31, 2011

PRIVILEGE LICENSE TAX $ 8,235,521.00

SURPLUS LINES PREMIUM $ 13,222,000.00

RISK RETENTION/PUCHASING GROUPS AND DIRECT PLACEMENT PREMIUM TAXES

$ 335,078.50

FILING FEES $ 2,539,022.11

CERTIFICATE OF AUTHORITY FEES $ 10,003,045.00

POLICY FORM FEES $ 46,033.00

PENALTIES AND FINES $ 146,034.00

MOBILE HOME INSPECTION FEES $ 672,335.30

MOBILE HOME PRIVILEGE LICENSES $ 49,800.00

RESIDENTIAL ELECTRONIC PROTECTION $ 199,285.00

SUMMONS, ETC. $ 8,049.00

OTHER FEES– POSTAGE AND PHOTOCOPIES $ 8,162.45

OTHER FEES $ 46,462.36

PUBLISHING FEES - MID $ 57,440.00

COMPANY ASSESSMENTS $ 1,503,130.06

TOTAL FEES COLLECTED $ 36,404,242.78

FIRE REBATE FUNDS DISTRIBUTED $ 15,288,431.07

TOTAL FUNDS COLLECTED, DISTRIBUTED & GENERATED BY MID

$51,692,673.85

PRIVILEGE LICENSE TAX

SURPLUS LINES PREMIUM

RISK RETENTION/PUCHASING GROUPS ANDDIRECT PLACEMENT PREMIUM TAXESFILING FEES

CERTIFICATE OF AUTHORITY FEES

POLICY FORM  FEES

PENALTIES AND FINES

MOBILE HOME INSPECTION FEES

MOBILE HOME PRIVILEGE LICENSES

RESIDENTIAL ELECTRONIC PROTECTION

SUMMONS, ETC.

FEES COLLECTED BY MID

Page 32: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

STATE OF MISSISSIPPI DEPARTMENT OF INSURANCE

JACKSON, MISSISSIPPI

BUSINESS OF LICENSED COMPANIES IN MISSISSIPPI FOR THE YEAR 2010

Premiums Written Losses Paid

Direct Direct

Property/Casualty and Title Blank

Fire 98,519,206 35,077,761$ $

Allied lines 69,502,804 80,405,061

Multiple peril crop 108,891,879 123,192,657

Federal Flood 37,676,469 13,334,844

Farmowners multiple peril 17,120,024 12,252,906

Homeowners multiple peril 757,146,717 454,435,990

Commercial multiple peril (non-liability portion) 187,601,658 84,771,146

Commercial multiple peril (liability portion) 73,353,858 30,940,468

Mortgage guaranty 35,050,377 40,653,055

Ocean marine 19,627,747 9,578,658

Inland marine 112,794,536 44,887,499

Financial guaranty 670,488 1,340,301

Medical malpractice 14,509,020 1,976,460

Earthquake 14,659,311 586

Accident and health 59,145,441 41,270,712

Workers' compensation 250,989,517 164,257,410

Other liability 192,137,992 69,362,854

Excess Workers' Compensation 11,684,111 4,983,355

Products liability 12,232,561 7,345,670

Private passenger auto no-fault (personal injury protection) 257 168,094

Other private passenger auto liability 760,414,686 489,510,230

Commercial auto no-fault (personal injury protection) 1,263,269 247,270

Other commercial auto liability 192,192,397 109,118,113

Private passenger auto physical damage 609,541,016 341,614,463

Commercial auto physical damage 55,496,014 32,074,204

Aircraft (all perils) 11,532,656 11,132,261

Fidelity 6,886,522 5,354,857

Surety 44,206,738 2,887,839

Burglary and theft 1,361,441 196,568

Boiler and machinery 9,398,029 2,266,787

Credit 18,800,556 3,326,957

Title 38,037,901 22,087,104

Warranty 4,177,608 2,474,664

Aggregate write-ins for other lines of business 10,198,229 6,541,788

3,836,821,035 2,249,068,592$ $Totals for Property/Casualty and Title Blank

Life/Health Blank

Ordinary Life 794,228,135 418,592,046$ $

Credit Life 20,625,013 7,625,740

Group Life 208,517,383 217,393,329

Industrial Life 15,475,790 7,926,755

1,038,846,321 651,537,870$Totals $

Ordinary Annuity 1,031,090,977 190,511,400$ $

Group Annuity 263,433,372 217,424,542

1,294,524,349 407,935,942$Totals $

Accident and Health 2,010,333,489 1,448,498,506$ $

2,010,333,489 1,448,498,506$Totals $

4,343,704,159 2,507,972,318$ $Totals for Life/Health Blank

Health Blank

Accident and Health 1,368,623,086 1,212,145,272$ $

1,368,623,086 1,212,145,272$ $Totals for Health Blank

Fraternal Blank

Fraternal 71,802,627 35,415,970$ $

71,802,627 35,415,970$ $Totals for Fraternal Blank

9,620,950,907 6,004,602,152$ $Grand Totals

28

Page 33: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

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29

Page 34: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

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30

Page 35: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

In

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31

Page 36: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

In

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32

Page 37: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

In

curr

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olic

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33

Page 38: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

In

curr

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olic

yhol

der

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34

Page 39: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

In

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35

Page 40: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

In

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36

Page 41: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

In

curr

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37

Page 42: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

In

curr

edP

olic

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der

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38

Page 43: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

In

curr

edP

olic

yhol

der

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39

Page 44: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

In

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40

Page 45: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

In

curr

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olic

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der

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41

Page 46: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

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42

Page 47: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

In

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43

Page 48: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

In

curr

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44

Page 49: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

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45

Page 50: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

In

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46

Page 51: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

In

curr

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47

Page 52: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

In

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48

Page 53: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

In

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49

Page 54: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

In

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50

Page 55: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

In

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51

Page 56: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

In

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52

Page 57: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

In

curr

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olic

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53

Page 58: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

In

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54

Page 59: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

In

curr

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der

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55

Page 60: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

In

curr

edP

olic

yhol

der

Com

pan

yT

otal

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56

Page 61: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

In

curr

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olic

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57

Page 62: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

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58

Page 63: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

In

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59

Page 64: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

In

curr

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olic

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60

Page 65: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

In

curr

edP

olic

yhol

der

Com

pan

yT

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61

Page 66: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

In

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62

Page 67: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

In

curr

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olic

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63

Page 68: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

In

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64

Page 69: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

In

curr

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olic

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65

Page 70: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

In

curr

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olic

yhol

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66

Page 71: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

Su

mm

ary

of F

inan

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67

Page 72: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

Com

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lank

68

Page 73: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

Com

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otal

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Sum

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e/H

ealt

h B

lank

69

Page 74: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

Com

pan

yT

otal

Ass

ets

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e/H

ealt

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lank

70

Page 75: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

Com

pan

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otal

Ass

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ealt

h B

lank

71

Page 76: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

Com

pan

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otal

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ets

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e/H

ealt

h B

lank

72

Page 77: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

Com

pan

yT

otal

Ass

ets

Tot

al L

iab

ilit

ies

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sN

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Pag

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Sum

mar

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Lic

ense

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on

Lif

e/H

ealt

h B

lank

73

Page 78: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

Com

pan

yT

otal

Ass

ets

Tot

al L

iab

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ies

Cap

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Su

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74

Page 79: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

Com

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otal

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e/H

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lank

75

Page 80: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

Com

pan

yT

otal

Ass

ets

Tot

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76

Page 81: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

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77

Page 82: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

Com

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78

Page 83: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

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79

Page 84: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

Com

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80

Page 85: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

Com

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81

Page 86: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

Com

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82

Page 87: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

Com

pan

yT

otal

Ass

ets

Tot

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e/H

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lank

83

Page 88: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

Com

pan

yT

otal

Ass

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84

Page 89: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

Com

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Ass

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85

Page 90: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

Com

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86

Page 91: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

Com

pan

yT

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87

Page 92: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

Su

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88

Page 93: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

Sum

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89

Page 94: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

Com

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90

Page 95: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

Sum

mar

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91

Page 96: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

Com

pan

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otal

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bili

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92

Page 97: John 2011 Annual Report FINAL - Mississippi Insurance Department · 2012-09-05 · As Commissioner of Insurance it is my honor to submit the annual report of the Mississippi Insurance

Com

pan

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otal

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93