Mississippi Legislature
2001 Regular Session

Senate Bill 2948

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Bill Text

History of Actions

Amendments

Background

Title

Description: Charitable gift annuities; issuance does not constitute engaging in business of insurance.

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) Amended
4 01/31 (S) Passed As Amended
5 02/02 (S) Transmitted To House
6 02/08 (H) Referred To Judiciary A
7 02/20 (H) Title Suff Do Pass
8 02/21 (H) Passed
9 02/22 (H) Transmitted To Senate
10 02/26 (S) Enrolled Bill Signed
11 02/27 (H) Enrolled Bill Signed
12 03/05 Approved by Governor

Amendments:

Adopted [S] Amendment No 1

Background Information:

Effective dateJuly 1, 2001
DispositionLaw
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
Vote type requiredMajority
Chapter number332

Senate Committee:

House Committee:

Principal Author: Hewes

Title: AN ACT TO PROVIDE THAT THE ISSUANCE OF A QUALIFIED CHARITABLE GIFT ANNUITY DOES NOT CONSTITUTE ENGAGING IN THE BUSINESS OF INSURANCE; TO REQUIRE NOTICE IN WRITING TO THE DONOR THAT A QUALIFIED CHARITABLE GIFT ANNUITY IS NOT INSURANCE AND IS NOT SUBJECT TO REGULATION BY THE INSURANCE COMMISSIONER OR PROTECTED BY AN INSURANCE GUARANTY ASSOCIATION; TO PROVIDE THAT A CHARITABLE ORGANIZATION THAT ISSUES QUALIFIED CHARITABLE GIFT ANNUITIES SHALL NOTIFY THE SECRETARY OF STATE; TO AUTHORIZE THE SECRETARY OF STATE TO FINE ANY CHARITABLE ORGANIZATION WHICH FAILS TO PROVIDE THE REQUIRED NOTICE; TO PROVIDE THAT THE ISSUANCE OF A QUALIFIED CHARITABLE GIFT ANNUITY DOES NOT CONSTITUTE A VIOLATION OF THE PROVISIONS OF LAW WHICH REGULATE TRADE PRACTICES IN THE BUSINESS OF INSURANCE; AND FOR RELATED PURPOSES.


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

End Of Document
2001/pdf/History/SB/SB2948.htm