[Introduced] [Committee Substitute] [Passed Senate] [Sent to Governor]
History of Actions | Background | Title |
Description: Insurance laws; make various amendments.
1 | 01/06/98 | (S) | Referred To Insurance | |
2 | 01/30/98 | (S) | Title Suff Do Pass Comm Sub | |
3 | 02/04/98 | (S) | Committee Substitute Adopted | |
4 | 02/04/98 | (S) | Passed | |
5 | 02/06/98 | (S) | Transmitted To House | |
6 | 02/10/98 | (H) | Referred To Insurance | |
7 | 02/18/98 | (H) | Title Suff Do Pass | |
8 | 03/04/98 | (H) | Passed | |
9 | 03/06/98 | (H) | Transmitted To Senate | |
10 | 03/10/98 | (S) | Enrolled Bill Signed | |
11 | 03/10/98 | (H) | Enrolled Bill Signed | |
12 | 03/10/98 | Due From Governor 03/16/98 | ||
13 | 03/13/98 | Approved by Governor |
Effective date | July 1, 1998 | |
Disposition | Law | |
Deadline | General Bill/Constitutional Amendment | |
Revenue | No | |
3/5ths vote required | Yes | |
Chapter number | 323 |
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.
End Of Document
1998/History/SB\SB2154.htm