Bill Text | History of Actions | Background | Title |
Description: Premium finance companies; revise contents of agreement/refund after cancellation.
Bill Text: [Introduced]
| 1 | 02/20 (S) Referred To Business and Financial Institutions | |
| 2 | 03/02 (S) Title Suff Do Pass | |
| 3 | 03/16 (S) Recommitted to Committee | |
| 4 | 03/16 (S) Died In Committee |
| Effective date | Passage | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Majority |
Senate Committee:
Principal Author: Mettetal
Code Sections: A 081-0021-0013, A 081-0021-0015, A 081-0021-0021
Title: AN ACT TO AMEND SECTION 81-21-13, MISSISSIPPI CODE OF 1972, TO REVISE THE CONTENTS OF A PREMIUM FINANCE AGREEMENT; TO AMEND SECTION 81-21-15, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT AN INSURED SHALL RECEIVE A REFUND OF THE UNEARNED FINANCE CHARGE UPON CANCELLATION OF THE CONTRACT; TO AMEND SECTION 81-21-21, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT THE PREMIUM FINANCE COMPANY SHALL RETURN UNEARNED PREMIUMS TO THE ACCOUNT OF THE INSURED WHENEVER A FINANCED INSURANCE CONTRACT IS CANCELLED; AND FOR RELATED PURPOSES.
End Of Document
2004/html/History/SB/SB2769.htm