MS HB1627

Creates Section 83-1-111 to exempt nonprofit agricultural membership organizations (NAMOs) from insurance regulation if they meet specified requirements including state incorporation, statewide county representation, and agricultural promotion purposes.

Permits NAMOs to provide healthcare coverage through self-funded "NAMO Plans" administered by third-party administrators holding certificates of authority, with coverage including ambulatory services, hospitalization, emergency services, and laboratory services.

Requires NAMOs to designate an ombudsman to address member complaints using procedures materially similar to the State Insurance Department's process, with the department able to review but not investigate complaints.

Mandates NAMO Plans provide minimum annual aggregate coverage of $2,000,000 per enrollee and limits preexisting condition waiting periods to six months maximum.

Restricts sale of NAMO healthcare benefits to licensed insurance producers appointed by qualifying organizations and exempts NAMOs from all Title 83 insurance laws and State Insurance Department rules.