Bill Text | History of Actions | Amendments | Background | Title |
Description: Mississippi Creditor-Placed Insurance Act; enact.
Bill Text: [Introduced] [Committee Substitute] [Passed Senate]
| 1 | 01/13/00 | (S) | Referred To Insurance | |
| 2 | 02/17/00 | (S) | Title Suff Do Pass Comm Sub | |
| 3 | 03/09/00 | (S) | Committee Substitute Adopted | |
| 4 | 03/09/00 | (S) | Amended | |
| 5 | 03/09/00 | (S) | Passed As Amended | |
| 6 | 03/13/00 | (S) | Transmitted To House | |
| 7 | 03/16/00 | (H) | Referred To Banks and Banking;Insurance | |
| 8 | 04/04/00 | (H) | Died In Committee |
| Adopted | [S] | Amendment No 1 |
| Effective date | July 1, 2000 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| 3/5ths vote required | No |
Senate Committee:
House Committees:
Principal Author: Kirby
Title: AN ACT TO CREATE THE MISSISSIPPI CREDITOR-PLACED INSURANCE ACT; TO DEFINE CERTAIN TERMS; TO PROVIDE FOR THE TIME WHEN CREDITOR-PLACED INSURANCE SHALL BECOME EFFECTIVE OR IS TERMINATED; TO PROVIDE FOR THE METHOD BY WHICH PREMIUMS FOR CREDITOR-PLACED INSURANCE COVERAGE MAY BE CALCULATED; TO PROVIDE THAT CREDITOR-PLACED INSURANCE SHALL BE SET FORTH IN AN INDIVIDUAL POLICY OR CERTIFICATE OF INSURANCE; TO REQUIRE ALL POLICY FORMS AND CERTIFICATES OF CREDITOR-PLACED INSURANCE DELIVERED IN THIS STATE TO BE FILED WITH THE COMMISSIONER OF INSURANCE; TO PROVIDE THAT THE ENTIRE AMOUNT OF THE PREMIUM DUE FROM A CREDITOR SHALL BE REMITTED TO THE INSURER OR ITS PRODUCER IN ACCORDANCE WITH THE INSURER'S REQUIREMENTS; TO PROVIDE THAT A CREDITOR SHALL NOT IMPOSE CHARGES ON A DEBTOR FOR CREDITOR-PLACED INSURANCE COVERAGE UNLESS ADEQUATE DISCLOSURE OF THE REQUIREMENT TO MAINTAIN INSURANCE HAS BEEN MADE TO THE DEBTOR; TO AUTHORIZE THE COMMISSIONER OF INSURANCE TO CONDUCT INVESTIGATIONS OF INSURERS AND PRODUCERS; TO AUTHORIZE THE COMMISSIONER OF INSURANCE TO PROMULGATE RULES AND REGULATIONS; AND FOR RELATED PURPOSES.
End Of Document
2000/html/History/SB/SB2122.htm