Mississippi Legislature
2003 Regular Session

Senate Bill 2253

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Bill Text

History of Actions

Background

Title

Description: Larger fraternal benefit societies; revise regulatory laws.

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

History of Actions:

1 01/10 (S) Referred To Insurance
2 01/30 (S) Title Suff Do Pass Comm Sub
3 02/06 (S) Committee Substitute Adopted
4 02/06 (S) Passed
5 02/10 (S) Transmitted To House
6 02/10 (H) Referred To Insurance
7 02/26 (H) Title Suff Do Pass
8 02/27 (H) Passed
9 02/28 (H) Transmitted To Senate
10 03/03 (S) Enrolled Bill Signed
11 03/03 (H) Enrolled Bill Signed
12 03/07 Approved by Governor

Background Information:

Effective dateJuly 1, 2003
DispositionLaw
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
Vote type requiredMajority
Chapter number315

Senate Committee:

House Committee:

Principal Author: Kirby

Code Sections: A 083-0030-0057, A 083-0030-0069, A 083-0030-0051, A 083-0030-0053

Title: AN ACT TO AMEND SECTION 83-30-57, MISSISSIPPI CODE OF 1972, TO CLARIFY THAT FOREIGN OR ALIEN LARGER FRATERNAL BENEFIT SOCIETIES SHALL FILE WITH THE COMMISSIONER OF INSURANCE ITS CHARTER OR ARTICLES OF INCORPORATION; TO AMEND SECTION 83-30-69, MISSISSIPPI CODE OF 1972, TO REVISE THE METHOD AND FEE FOR SERVICE OF PROCESS UPON LARGER FRATERNAL BENEFIT SOCIETIES; TO AMEND SECTION 83-30-51, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT A LARGER FRATERNAL BENEFIT SOCIETY SHALL BE HELD TO BE LEGALLY SOLVENT AS LONG AS THE FUNDS BELONGING TO THE SOCIETY ARE EQUAL TO OR IN EXCESS OF ITS MATURED LIABILITIES; TO AMEND SECTION 83-30-53, MISSISSIPPI CODE OF 1972, TO REVISE THE LICENSE TERM OF LARGER FRATERNAL BENEFIT SOCIETIES AND TO CLARIFY THE FEES FOR SUCH LICENSE OR RENEWAL; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 03/11/03 at 09:09.

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