History of Actions | Background | Title |
Description: Creditor-placed insurance; provide for regulation by Commissioner of Insurance.
| 1 | 01/20/97 | (H) | Referred To Banks and Banking;Insurance | |
| 2 | 02/04/97 | (H) | Died In Committee |
| Effective date | July 1, 1997 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| 3/5ths vote required | No |
House Committees:
Principal Author: Guice
Code Section: A 063-0019-0033
Title: AN ACT TO PROVIDE FOR THE REGULATION BY THE COMMISSIONER OF INSURANCE OF CREDITOR-PLACED INSURANCE; TO DEFINE CERTAIN TERMS; TO PROVIDE FOR THE TERM OF CREDITOR-PLACED INSURANCE; TO PROVIDE FOR THE CALCULATION OF PREMIUMS; TO PROHIBIT CERTAIN CREDITOR-PLACED COVERAGES; TO PROVIDE FOR THE FILING, APPROVAL AND WITHDRAWAL OF POLICY FORMS AND PREMIUM RATES; TO PROVIDE FOR THE REFUND OF UNEARNED PREMIUMS; TO ESTABLISH THE RIGHTS AND OBLIGATIONS OF THE PARTIES; TO REQUIRE ADEQUATE DISCLOSURES TO THE DEBTOR BEFORE THE IMPOSITION OF CREDITOR-PLACED INSURANCE; TO AUTHORIZE THE COMMISSIONER OF INSURANCE TO CONDUCT INVESTIGATIONS OR EXAMINATION OF INSURERS TO ENSURE COMPLIANCE WITH THE ACT; TO AUTHORIZE THE COMMISSIONER OF INSURANCE TO PROMULGATE RULES AND REGULATIONS NECESSARY TO CARRY OUT THE PROVISIONS OF THE ACT; TO PROVIDE FOR JUDICIAL REVIEW OF ACTIONS BY THE COMMISSIONER OF INSURANCE; TO AUTHORIZE THE COMMISSIONER OF INSURANCE TO IMPOSE ADMINISTRATIVE FINES FOR VIOLATIONS OF THE ACT; TO AMEND SECTION 63-19-33, MISSISSIPPI CODE OF 1972, TO CLARIFY THAT THE PLACEMENT OF CREDITOR-PLACED INSURANCE SHALL BE GOVERNED BY CERTAIN PROVISIONS OF THIS ACT; AND FOR RELATED PURPOSES.
End Of Document
1997/History/HB\HB1400.htm