MS SB2227

Defines "Federal Home Loan Bank" in Mississippi insurance law as institutions chartered under the Federal Home Loan Bank Act (12 USC 1421 et seq.)

Prohibits receivers, liquidators, and rehabilitators from staying, enjoining, or preventing Federal Home Loan Banks from exercising rights to enforce claims on collateral pledged under security agreements with insolvent insurers

Prevents liquidators from disavowing, rejecting, or repudiating pledge agreements, security agreements, or collateral agreements to which a Federal Home Loan Bank is a party

Protects Federal Home Loan Banks from having transfers or preferences voided in insurer insolvency proceedings, except for transfers made with actual intent to defraud creditors

Establishes procedures for Federal Home Loan Banks to release excess collateral, process stock redemptions, and provide advance restructuring options within 10 business days of a receiver's request following an insurer member's delinquency proceeding