Mississippi

Commission Alternatives - Fees and Requirements

Charge fee in addition to or in lieu of collecting commissions?
Specific Disclosures or written agreements required to charge fees to a client?
Admin fees for insurance placement?
Charges for services unrelated to the placement of insurance?
Additional licensing required?
Insurance producers may charge fees in addition to or in lieu of commissions for insurance placement, provided such compensation is contemplated in the premium/charge for insurance filed with and approved by the commissioner and/or included in the policy.  Miss. Code Ann. § 83-3-121; Miss. Code Ann. § 83-17-73.  
No
Yes, see fees in lieu of commissions
 
No

Malpractice Damage Cap

Damage Cap Amount

State Code

$500,000 cap for non-economic damages. No cap on economic damages.