Mississippi Legislature
2007 Regular Session

House Bill 1543

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Bill Text

History of Actions

Background

Title

Description: Insurance; create "Honesty is the Best Insurance Policy Act" requiring a non-coverage disclosure list on policies.

Bill Text: [Introduced]

History of Actions:

1 01/15 (H) Referred To Insurance
2 01/30 (H) Died In Committee

Background Information:

Effective dateJuly 1, 2007
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
Vote type requiredMajority

House Committee:

Principal Author: Moak

Title: AN ACT TO SET FORTH THE "HONESTY IS THE BEST INSURANCE POLICY ACT"; TO PROVIDE THAT EACH INDIVIDUAL POLICY WRITTEN BY AN INSURANCE COMPANY DOING BUSINESS IN THE STATE OF MISSISSIPPI SHALL INCLUDE ON THE FRONT OR FIRST PAGE OF THE POLICY A "NON-COVERAGE DISCLOSURE" CHECKLIST; TO PROVIDE THAT THE CHECKLIST SHALL BE IN PLAIN ENGLISH, SHALL STATE ALL CONDITIONS, EXCLUSIONS AND OTHER LIMITATIONS OF COVERAGE UNDER THE POLICY, AND SHALL BE IN A FORMAT THAT REQUIRES THE INSURER TO PLACE A CHECK MARK NEXT TO SUCH LIMITATIONS OF COVERAGE SO THAT THE POLICYHOLDER CAN SEE WHAT COVERAGE IS NOT INCLUDED UNDER THE POLICY; TO SET FORTH PENALTIES FOR VIOLATIONS OF THE ACT; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 01/30/07 at 18:55.

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2007/pdf/History/HB/HB1543.htm