When do the privilege license and filing fees for property and casualty insurance producers expire?

The correct answer reflects the specific regulation in Mississippi regarding the expiration of privilege licenses and filing fees for property and casualty insurance producers. In Mississippi, these fees expire on the last day of the producer's birth month every two years. This means that insurance producers must renew their licenses and pay the associated fees based on their individual birthdate rather than a uniform date for all producers. This system allows for a staggered renewal process, which can help to maintain an orderly licensing system and reduce the administrative burden of collecting fees and processing renewals all at once.

Understanding this timing is critical for producers to ensure they remain compliant with state regulations and can continue to operate legally without interruption.