Mississippi Legislature
2001 Regular Session

Senate Bill 2741

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Bill Text

History of Actions

Background

Title

Description: Mississippi Creditor-Placed Insurance Act; enact.

Bill Text: [Introduced] [Passed Senate] [Sent to Governor]

History of Actions:

1 01/15 (S) Referred To Insurance
2 01/25 (S) Title Suff Do Pass
3 01/31 (S) Passed
4 02/02 (S) Transmitted To House
5 02/07 (H) Referred To Insurance
6 02/14 (H) Title Suff Do Pass
7 02/16 (H) Passed
8 02/19 (H) Transmitted To Senate
9 02/20 (S) Enrolled Bill Signed
10 02/22 (H) Enrolled Bill Signed
11 02/28 Approved by Governor

Background Information:

Effective dateJuly 1, 2001
DispositionLaw
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
Vote type requiredMajority
Chapter number307

Senate Committee:

House Committee:

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.


Information pertaining to this measure was last updated on 03/05/01 at 00:01.

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2001/html/History/SB/SB2741.htm