[Introduced] [Committee Substitute] [Passed Senate] [Sent to Governor]
History of Actions | Background | Title |
Description: Mississippi Mutual Insurance Company Conversion and Reorganization Act; create.
1 | 01/08/98 | (S) | Referred To Insurance | |
2 | 01/23/98 | (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 As Amended | |
8 | 03/04/98 | (H) | Amended | |
9 | 03/04/98 | (H) | Passed As Amended | |
10 | 03/04/98 | (H) | Motion to Reconsider Entered | |
11 | 03/11/98 | (H) | Motion to Reconsider Tabled | |
12 | 03/11/98 | (H) | Returned For Concurrence | |
13 | 03/16/98 | (S) | Decline to Concur/Invite Conf | |
14 | 03/19/98 | (S) | Conferees Named Kirby,Ross,Farris | |
15 | 03/20/98 | (H) | Conferees Named Stevens,Bozeman,Green (72nd) | |
16 | 03/30/98 | (H) | Conference Report Filed | |
17 | 03/30/98 | (S) | Conference Report Filed | |
18 | 03/31/98 | (S) | Conference Report Adopted | |
19 | 03/31/98 | (H) | Conference Report Adopted | |
20 | 04/03/98 | (S) | Enrolled Bill Signed | |
21 | 04/03/98 | (H) | Enrolled Bill Signed | |
22 | 04/20/98 | Approved by Governor |
Effective date | July 1, 1998 | |
Disposition | Law | |
Deadline | General Bill/Constitutional Amendment | |
Revenue | No | |
3/5ths vote required | No | |
Chapter number | 576 |
Senate Committee:
House Committee:
Principal Author: Kirby
Additional Authors: White (5th), White (29th), Johnson (19th), Scoper
Title: AN ACT TO CREATE NEW CODE SECTIONS 83-31-101 THROUGH 83-31-181, MISSISSIPPI CODE OF 1972, TO CREATE THE MISSISSIPPI MUTUAL INSURANCE COMPANY CONVERSION, REORGANIZATION AND MERGER ACT; TO DEFINE CERTAIN TERMS; TO AUTHORIZE THE ADOPTION OF A PLAN OF CONVERSION OF A MUTUAL INSURANCE COMPANY INTO A STOCK COMPANY; TO AUTHORIZE THE INSURANCE COMMISSIONER TO TAKE SPECIFIED ACTIONS RELATING TO THE CONVERSION; TO ALLOW AMENDMENT AND WITHDRAWAL OF THE PLAN; TO SET FORTH NOTICE AND HEARING REQUIREMENTS; TO PROVIDE FOR ADOPTION OF THE PLAN; TO REQUIRE CERTAIN FILINGS AFTER CONVERSION; TO SPECIFY CERTAIN PROVISIONS WHICH MUST BE INCLUDED IN EACH PLAN; TO PROVIDE FOR MEMBER SUBSCRIPTION RIGHTS; TO PROVIDE FOR THE SALE OF CAPITAL STOCK; TO AUTHORIZE ALTERNATIVE PLANS OF CONVERSION; TO SET FORTH THE EFFECTIVE DATE OF CONVERSION; TO PROVIDE FOR THE CONTINUED CORPORATE EXISTENCE UPON CONVERSION; TO PROHIBIT CONFLICTS OF INTEREST; TO PROVIDE FOR THE EFFECT OF FAILURE TO GIVE NOTICE; TO SET FORTH THE LIMITATION ON ACTIONS CHALLENGING THE PLAN; TO SET FORTH CONVERSION REQUIREMENTS FOR INSOLVENT MUTUAL COMPANIES; TO SET FORTH THE LAW GOVERNING CONVERTED STOCK COMPANIES; TO ALLOW THE AMENDMENT OF POLICIES UPON CONVERSION; TO AUTHORIZE THE CREATION OF MUTUAL INSURANCE HOLDING COMPANIES; TO AUTHORIZE MISSISSIPPI MUTUAL INSURANCE COMPANIES TO MERGE WITH FOREIGN OR OTHER DOMESTIC MUTUAL INSURANCE COMPANIES; AND FOR RELATED PURPOSES.
End Of Document
1998/History/SB\SB2332.htm