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It
is a pleasure to welcome you to the Mississippi Insurance
Guaranty Association (MIGA) website. Our goal is to provide
helpful information concerning how MIGA can assist in
the event
of the insolvency and liquidation of a licensed insurance
carrier writing direct insurance in the State of Mississippi.
Purpose
The Mississippi Insurance Guaranty
Association is a non-profit, unincorporated association
created by the state legislature in 1970 to provide a
mechanism for the payment of covered claims when a member
insurer is found to be insolvent and ordered liquidated.
Funding
Funding is by assessment of our
member insurers and, if any, the recovered and liquidated
assets of the insolvent companies.
Governance
MIGA is directed by a board composed
of nine members elected by the MIGA membership of licensed
insurance writers of property and casualty insurance in
Mississippi.
Mission
Our mission is to manage in a professional
and timely manner the property-casualty insolvencies for
which MIGA is responsible by discharging Association duties
in accordance with governing statutes and plan of operation
provisions.
Click here for full disclaimer
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