Mississippi Legislature

1998 Regular Session

Senate Bill 2154

[Introduced] [Committee Substitute] [Passed Senate] [Sent to Governor]

Instructions Bill Status Menu





History of Actions

Background

Title

Description: Insurance laws; make various amendments.

History of Actions:

101/06/98(S)Referred To Insurance
201/30/98(S)Title Suff Do Pass Comm Sub
302/04/98(S)Committee Substitute Adopted
402/04/98(S)Passed
502/06/98(S)Transmitted To House
602/10/98(H)Referred To Insurance
702/18/98(H)Title Suff Do Pass
803/04/98(H)Passed
903/06/98(H)Transmitted To Senate
1003/10/98(S)Enrolled Bill Signed
1103/10/98(H)Enrolled Bill Signed
1203/10/98Due From Governor 03/16/98
1303/13/98Approved by Governor

Background Information:

Effective dateJuly 1, 1998
DispositionLaw
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
3/5ths vote requiredYes
Chapter number323

Senate Committee:

House Committee:

Principal Author: Kirby

Code Sections: A 083-0006-0021, A 083-0007-0017, A 083-0019-0015, A 083-0019-0031, A 083-0037-0011, A 083-0039-0007, A 083-0039-0013, A 027-0015-0083, RP 083-0019-0073

Title: AN ACT TO AMEND SECTION 83-6-21, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT INSURANCE COMPANIES WITHIN A HOLDING COMPANY SYSTEM SHALL NOT SELL OR EXCHANGE THEIR STOCK AMONG EACH OTHER UNLESS THE COMPANIES HAVE OBTAINED STOCK COMPANY PERMITS; TO AMEND SECTION 83-7-17, MISSISSIPPI CODE OF 1972, TO DEPOSIT INTO THE INSURANCE DEPARTMENT FUND CERTAIN FEES COLLECTED BY THE INSURANCE COMMISSIONER FOR THE APPROVAL OF LIFE INSURANCE POLICIES; TO AMEND SECTION 83-19-15, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT THE OFFICES OF PRESIDENT AND TREASURER WITHIN AN INSURANCE COMPANY SHALL NOT BE HELD BY THE SAME INDIVIDUAL; TO AMEND SECTION 83-19-31, MISSISSIPPI CODE OF 1972, TO REVISE THE CAPITAL REQUIREMENTS NECESSARY FOR THE FORMATION OF INSURANCE COMPANIES; TO AMEND SECTIONS 83-37-11 AND 83-39-7, MISSISSIPPI CODE OF 1972, TO ELIMINATE CASH AS A CLASS OF SECURITIES REQUIRED TO BE DEPOSITED BY BURIAL ASSOCIATIONS AND PROFESSIONAL BAIL AGENTS BEFORE ENGAGING IN BUSINESS; TO AMEND SECTION 83-39-13, MISSISSIPPI CODE OF 1972, TO CHANGE THE FILING DATE OF ANNUAL REPORTS REQUIRED TO BE FILED BY PROFESSIONAL BAIL AGENTS; TO AMEND SECTION 27-15-83, MISSISSIPPI CODE OF 1972, TO REVISE THE STATEWIDE PRIVILEGE TAXES ON INSURANCE COMPANIES; TO REPEAL SECTION 83-19-73, MISSISSIPPI CODE OF 1972, WHICH ESTABLISHES A SCHEDULE OF SURPLUS TO BE MAINTAINED BY ALL DOMESTIC STOCK, MUTUAL AND RECIPROCAL INSURANCE COMPANIES AND ASSOCIATIONS; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 05/05/98 at 08:47.



End Of Document

1998/History/SB\SB2154.htm