The Massachusetts Market Assistance Plan is a voluntary network of participating homeowners insurance companies and insurance brokers to assist residents in obtaining homeowners insurance. Massachusetts Division of Insurance:
First elected inChaney brought extensive business knowledge and experience to the office combined with 15 years of service in the Mississippi House and Senate. His priorities throughout his terms in office remain steadfastly committed to consumer protection and application of technology for efficiency of the department to serve the state and consumers.
He is leading the department in making strides in healthcare reform; disaster recovery from flood, tornado and hurricane events; bail mississippi insurance underwriting association industry reform; and reductions in state fire deaths. Among the issues he is involved in addressing are examination oversight, accounting practices, producer licensing, health insurance and managed care, senior issues, catastrophe and property and casualty insurance.
Commissioner Chaney has served on numerous community development entities and corporate boards. He is also a Rotarian and Paul Harris Fellow. He is a veteran of the United States Army, serving in Vietnam. Chaney and his wife, Mary have three children and eight grandchildren.
Duties of the Insurance Commissioner The Commissioner of Insurance is elected to a four-year term and may mississippi insurance underwriting association re-elected. The Commissioner is charged with execution of all laws relative to insurance companies, corporations, associations and fraternal orders, their agents and adjusters.
The Commissioner 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.
The Commissioner, through the Fire Service Development Division, establishes guidelines, use and accountability for municipal and county fire protection funds.
The Commissioner encourages and supports all employees to attain and maintain professional designations in their career fields. This association, under the direction of the Commissioner, has no separate regulatory powers. As a result of this law, the State receives additional taxes that were not received in previous years.
In addition to his regular duties, Commissioner Chaney participates in the following: Mississippi Automobile Insurance Plan — Commissioner Chaney 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.
Mississippi Comprehensive Health Insurance Risk Pool Association — Commissioner Chaney appoints four members to this nine-member board, which 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.
Mississippi Fire Personnel Minimum Standards and Certification Board — Commissioner Chaney serves as an ex-officio member of this board, and appoints fifteen members to this seventeen-member board. The Director of the State Fire Academy also serves as an ex-officio member of the board.
Mississippi Insurance Guaranty Association Property and Casualty — Commissioner Chaney 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 the 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.
Mississippi Life Health Insurance Guaranty Association — Commissioner Chaney 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 the 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.
Mississippi Tort Claims Board — Commissioner Chaney 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.
Mississippi Rural Risk Underwriting Association — Commissioner Chaney 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.
Mississippi Windstorm Underwriting Association — Commissioner Chaney 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. 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.
Rural Fire Truck Acquisition Assistance Review Committee — Commissioner Chaney 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 as outlined in Miss.
State Employees Health Insurance Board Advisory Council — Commissioner Chaney serves 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. State Liquefied Compressed Gas Board — Commissioner Chaney oversees this board, which is vested with the power to regulate matters pertaining to liquefied compressed gas in Mississippi.Mississippi Residential Property Insurance Underwriting.
HPIC Healthcare Providers Insurance Company - HPIC is dedicated to serving the liability insurance needs of Mississippi healthcare facilitiess and other health care providers.
Call () Mississippi Windstorm Underwriting Association. North Carolina Joint Underwriting Association - FAIR Plan.
North Carolina Insurance Underwriting Association - Coastal Property Insurance Pool. Ohio FAIR Plan Underwriting Association.
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High Income Protection Insurance. Income protection insurance or disability insurance is one of the most important layers of protection you can add to your risk management strategy. For many years after Hurricane Katrina, the high cost of insurance was a drag on the Mississippi Gulf Coast home sales market. The summer of was tough for hurricanes, even though only one hit. Commissioner Mike Chaney says the Mississippi Windstorm Underwriting Association, known as the “wind pool,” spends too much on backup insurance. The move would bolster his authority in his.
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State Farm Agent Stanley Dean in Venice, FL - We offer Auto, Home, Life, and Renters insurance. Call us at () to learn more. Jan 26, · Mississippi’s insurance commissioner is pushing a bill to strip a tax subsidy and authority from the state’s insurer of last resort for hurricane-prone coastal residents.