Governing Articles: Article I

Governing Articles: Article I 4.07.1: Establishment of the Pool The Mississippi Workers’ Compensation Assigned Risk Pool was established effective January 1, 1993, by the Mississippi Commissioner of Insurance pursuant to the authority granted by Section 71-3-111, Mississippi Code of 1972, as amended, as a non-profit unincorporated association of Member companies. Miss. Code Ann. §71-3-111 (Rev. 2011) 4.07.2: Purpose of the Pool The purpose of the Pool is to be a reinsurance mechanism for the Mississippi Workers’ Compensation Assigned Risk Plan and to accomplish the equitable distribution of all underwriting profit or loss of the Plan to the Members. 4.07.3: Definitions A. Advisory Board and Board mean the Advisory Board of the Mississippi Workers’ Compensation Assigned Risk Pool. B. Articles mean these Governing Articles of the Mississippi Workers’ Compensation Assigned Risk Pool. C. Commissioner means the Commissioner of Insurance of the State of Mississippi. D. Member means an insurance company whose license to write workers compensation insurance under Chapter 3 of Title 71 of the Mississippi Code of 1972, as amended, has not been revoked. E. Plan means the Mississippi Workers’ Compensation Assigned Risk Plan as provided for under Section 71-3-111, Mississippi Code of 1972, as amended, and any regulations promulgated pursuant thereto. F. Plan Administrator means the organization appointed by the Commissioner to administer the affairs of the Plan. G. Pool means the Mississippi Workers’ Compensation Assigned Risk Pool as provided for under Section 71-3-111, Mississippi Code of 1972, as amended, and any regulations promulgated pursuant thereto. H. Pool Administrator means the organization appointed by the Commissioner to administer the affairs of the Pool. I. Servicing Carrier means a Member of the Pool that has been appointed by the Commissioner to receive assignments and provide coverage to eligible employers pursuant to the Plan on behalf of all other Pool Members. J. Reinsurance Agreements mean those reinsurance agreements entered into by and between the Servicing Carriers and the Pool pursuant to these Governing Articles. K. Net Premiums Written means the gross direct premiums charged less all premiums (except dividends and savings refunded under participating policies) returned to insureds for all Workers Compensation and Occupational Disease Insurance, exclusive of premiums for employers subject to the Plan, and for employers written under the National Defense Projects Rating Plan and under excess policies.