What must the Commissioner do if an unfair trade practice is determined but not defined under Mississippi Insurance Code?

In cases where the Commissioner identifies an unfair trade practice that is not explicitly defined under the Mississippi Insurance Code, the appropriate course of action is to wait at least 30 days before taking further measures. This waiting period allows the Commissioner to gather additional evidence, assess the situation more thoroughly, and provide the involved parties with proper notice and an opportunity to respond. This approach ensures that the process is fair and adheres to administrative procedure requirements, which may involve public input, further investigation, or the possibility of legislative clarification regarding the practices in question. Observing this waiting period is a critical step in maintaining due process while addressing regulatory concerns.