Mississippi Legislature
2006 Regular Session

House Bill 1321

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Bill Text

History of Actions

Amendments

Background

Title

Description: Insurance; require timely payment of property/casualty claims.

Bill Text: [Introduced] [Passed House]

History of Actions:

1 01/16 (H) Referred To Sel Cmte on Hurricane Recovery
2 01/31 (H) Title Suff Do Pass
3 02/09 (H) Amended
4 02/09 (H) Passed As Amended
5 02/13 (H) Transmitted To Senate
6 02/15 (S) Referred To Insurance
7 02/28 (S) Died In Committee

Amendments:

Adopted [H] Amendment No 1   

Background Information:

Effective dateJuly 1, 2006
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
Vote type requiredMajority

House Committee:

Senate Committee:

Principal Author: Compretta

Additional Authors: Bentz, Fleming

Title: AN ACT TO PROVIDE THAT INSURANCE COMPANIES MUST PAY ON A TIMELY BASIS THE BENEFITS PROVIDED UNDER THE TERMS OF AUTOMOBILE, HOMEOWNERS, AND FLOOD, HURRICANE OR WINDSTORM INSURANCE POLICIES, OR IN THE ALTERNATIVE, PAY INTEREST ON CLAIMS NOT PAID ON A TIMELY BASIS; TO PROVIDE CONDITIONS UNDER WHICH THE PAYMENT OF CLAIMS SHALL NOT BE CONSIDERED TO BE UNTIMELY; TO PROVIDE FOR THE CALCULATION OF INTEREST ON CLAIMS THAT ARE NOT PAID ON A TIMELY BASIS; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 03/15/06 at 11:16.

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