Mississippi Legislature
2005 Regular Session

House Bill 1321

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Bill Text

History of Actions

Amendments

Background

Title

Description: Insurance agents; revise requirements for certificates of authority and penalties.

Bill Text: [Introduced] [Passed House]

History of Actions:

1 01/17 (H) Referred To Insurance
2 01/19 (H) Title Suff Do Pass
3 02/02 (H) Amended
4 02/02 (H) Passed As Amended
5 02/07 (H) Transmitted To Senate
6 02/08 (S) Referred To Insurance
7 03/01 (S) Died In Committee

Amendments:

Adopted [H] Amendment No 1

Background Information:

Effective dateJuly 1, 2005
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
Vote type requiredThree/Fifths

House Committee:

Senate Committee:

Principal Author: Formby

Code Sections: A 083-0017-0005, A 083-0017-0071, A 083-0017-0075, RP 083-0017-0043

Title: AN ACT TO AMEND SECTION 83-17-5, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT AN INSURANCE AGENT MUST OBTAIN AN AGENT'S CERTIFICATE OF AUTHORIZATION BUT NOT A CONTINUOUS CERTIFICATE OF AUTHORIZATION; TO AMEND SECTION 83-17-71, MISSISSIPPI CODE OF 1972, TO PROVIDE FOR PENALTIES ON INSURANCE AGENTS WHO KNOWINGLY ACCEPT INSURANCE BUSINESS FROM AN INDIVIDUAL WHO IS NOT LICENSED OR APPOINTED; TO AMEND SECTION 83-17-75, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT AN INSURANCE PRODUCER WHO IS NOT ACTING AS AN AGENT OF AN INSURER IS NOT REQUIRED TO BECOME APPOINTED; TO REPEAL SECTION 83-17-43, MISSISSIPPI CODE OF 1972, WHICH REQUIRED THAT ALL INSURANCE SOLICITORS FILE WITH THE COMMISSIONER OF INSURANCE AN APPLICATION FOR CERTIFICATE OF APPOINTMENT AS SOLICITOR; TO PROVIDE THAT THE COMMISSIONER OF INSURANCE SHALL HAVE FULL REGULATORY AUTHORITY OVER THOSE PERSONS WHO SELL INSURANCE IN THE STATE OF MISSISSIPPI BUT WHO ARE NOT AGENTS; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 03/01/05 at 17:44.

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