2006 Regular Session
To: Insurance; Judiciary A
By: Representative Formby
AN ACT TO AUTHORIZE THE COMMISSIONER OF INSURANCE TO ESTABLISH A NONBINDING, NONADVERSARIAL ALTERNATIVE DISPUTE RESOLUTION PROCEDURE FOR PERSONAL LINES INSURANCE CLAIMS; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. The Commissioner of Insurance may make use of any of the powers established under the insurance laws and regulations of this state to establish a nonbinding, nonadversarial alternative dispute resolution procedure for the effective, fair and timely handling of personal lines insurance claims. The commissioner may establish and, from time to time, amend the rules and regulations relating to the establishment and enforcement of this section.
SECTION 2. This act shall take effect and be in force from and after its passage.