[Introduced] [Passed House] [Sent to Governor]
History of Actions | Background | Title |
Description: Insurance laws; make various technical amendments.
1 | 01/07/97 | (H) | Referred To Insurance | |
2 | 01/29/97 | (H) | Title Suff Do Pass Comm Sub | |
3 | 02/06/97 | (H) | Committee Substitute Adopted | |
4 | 02/06/97 | (H) | Passed | |
5 | 02/07/97 | (H) | Transmitted To Senate | |
6 | 02/11/97 | (S) | Referred To Insurance | |
7 | 02/27/97 | (S) | Title Suff Do Pass As Amended | |
8 | 03/11/97 | (S) | Passed | |
9 | 03/12/97 | (S) | Transmitted To House | |
10 | 03/13/97 | (H) | Enrolled Bill Signed | |
11 | 03/18/97 | (S) | Enrolled Bill Signed | |
12 | 03/18/97 | Due From Governor 03/24/97 | ||
13 | 03/24/97 | Approved by Governor |
Effective date | July 1, 1997 | |
Disposition | Law | |
Deadline | General Bill/Constitutional Amendment | |
Revenue | No | |
3/5ths vote required | Yes | |
Chapter number | 410 |
House Committee:
Senate Committee:
Principal Author: Stevens
Additional Authors: Robinson (84th), Formby, King
Code Sections: A 083-0001-0027, A 083-0005-0001, A 083-0005-0017, A 083-0005-0041, A 083-0005-0045, A 083-0017-0123, A 083-0017-0221, A 083-0006-0001, A 083-0006-0024, A 083-0017-0101, A 083-0019-0001, A 083-0019-0011, A 083-0019-0013, A 083-0031-0001, A 083-0019-0073, A 083-0031-0021, A 083-0019-0119, A 083-0027-0001, A 083-0039-0003, A 083-0039-0005, A 083-0039-0007, A 083-0043-0003, RP 083-0001-0025, RP 083-0019-0023, RP 083-0021-0011, A 083-0005-0207
Title: AN ACT TO AMEND SECTION 83-1-27, MISSISSIPPI CODE OF 1972, TO AUTHORIZE THE DEPARTMENT OF INSURANCE TO CONTRACT WITH PROFESSIONAL SERVICE ORGANIZATIONS TO EXAMINE THE FINANCIAL AFFAIRS OF ALL FOREIGN COMPANIES WITHIN ITS JURISDICTION; TO AMEND SECTION 83-5-1, MISSISSIPPI CODE OF 1972, TO CLARIFY THAT HEALTH MAINTENANCE ORGANIZATIONS ARE COMPANIES WITHIN THE MEANING OF THE INSURANCE CODE AND ARE SUBJECT TO THE INSPECTION AND SUPERVISION OF THE COMMISSIONER OF INSURANCE; TO AMEND SECTIONS 83-5-17, 83-5-41 AND 83-5-45, MISSISSIPPI CODE OF 1972, TO AUTHORIZE THE COMMISSIONER OF INSURANCE TO IMPOSE ADMINISTRATIVE FINES AGAINST COMPANIES FOR FAILURE TO COMPLY WITH INSURANCE LAWS; TO AMEND SECTIONS 83-17-123 AND 83-17-221, MISSISSIPPI CODE OF 1972, TO AUTHORIZE THE COMMISSIONER TO IMPOSE ADMINISTRATIVE FINES AGAINST AGENTS FOR LIFE, HEALTH, ACCIDENT, FIRE AND OTHER INSURERS FOR FAILURE TO COMPLY WITH INSURANCE LAWS; TO AMEND SECTION 83-6-1, MISSISSIPPI CODE OF 1972, TO EXCLUDE BURIAL ASSOCIATIONS FROM THE DEFINITION OF THE TERM "INSURER" IN REGARD TO THE REGISTRATION AND EXAMINATION OF INSURERS; TO AMEND SECTION 83-6-24, MISSISSIPPI CODE OF 1972, TO REVISE THE TIME OF PUBLIC HEARING NECESSARY TO APPROVE ANY MERGER OF DOMESTIC INSURANCE COMPANIES; TO AMEND SECTION 83-17-101, MISSISSIPPI CODE OF 1972, TO REVISE THE DEFINITION OF THE TERMS "AGENT" AND "PERSON" IN REGARD TO THE REGULATION OF AGENTS FOR LIFE, HEALTH OR ACCIDENT INSURERS; TO AMEND SECTION 83-19-1, MISSISSIPPI CODE OF 1972, TO PROVIDE FOR THE FORMATION OF INSURANCE COMPANIES BY CLASSIFICATIONS; TO AMEND SECTIONS 83-19-11 AND 83-19-13, MISSISSIPPI CODE OF 1972, TO REVISE THE MINIMUM NUMBER OF DIRECTORS NEEDED TO ORGANIZE AN INSURANCE COMPANY; TO AMEND SECTION 83-31-1, MISSISSIPPI CODE OF 1972, TO REVISE THE MINIMUM NUMBER OF PERSONS NEEDED TO FORM A BUSINESS OF MUTUAL INSURANCE; TO AMEND SECTIONS 83-19-73 AND 83-31-21, MISSISSIPPI CODE OF 1972, TO MAKE THE AMOUNT OF SURPLUS FOR INSURANCE COMPANIES CONSISTENT AMONG MUTUAL, STOCK AND RECIPROCAL COMPANIES; TO AMEND SECTION 83-19-119, MISSISSIPPI CODE OF 1972, TO CORRECT A REFERENCE TO AN INCORRECT CODE SECTION; TO AMEND SECTION 83-27-1, MISSISSIPPI CODE OF 1972, TO CLARIFY THE CAPITAL REQUIREMENT FOR SURETY COMPANIES; TO AMEND SECTION 83-39-3, MISSISSIPPI CODE OF 1972, TO CHANGE THE DATE OF ANNUAL EXPIRATION OF A PROFESSIONAL BONDSMAN LICENSE; TO AMEND SECTION 83-39-5, MISSISSIPPI CODE OF 1972, TO REVISE THE REQUIREMENTS FOR A PROFESSIONAL BONDSMAN LICENSE; TO AMEND SECTION 83-39-7, MISSISSIPPI CODE OF 1972, TO PROVIDE FOR A HEARING BEFORE THE COMMISSIONER SUSPENDS A PROFESSIONAL BONDSMAN LICENSE; TO AMEND SECTION 83-43-3, MISSISSIPPI CODE OF 1972, TO CORRECT A REFERENCE TO AN INCORRECT CODE SECTION; TO REPEAL SECTION 83-1-25, MISSISSIPPI CODE OF 1972, WHICH AUTHORIZES THE COMMISSIONER OF INSURANCE TO CONDUCT FINANCIAL EXAMINATIONS OF DOMESTIC INSURANCE COMPANIES; TO REPEAL SECTION 83-19-23, MISSISSIPPI CODE OF 1972, WHICH PRESCRIBES THE FORM OF CERTIFICATES OF AUTHORITY AND REQUIRES FILING WITH THE SECRETARY OF STATE; TO REPEAL SECTION 83-21-11, MISSISSIPPI CODE OF 1972, WHICH REQUIRES THE COMMISSIONER OF INSURANCE TO REVOKE THE CERTIFICATE OF AUTHORITY OF A FOREIGN INSURANCE COMPANY WHEN THE FOREIGN INSURANCE COMPANY MAKES APPLICATION TO REMOVE ANY ACTION OR PROCEEDING COMMENCED IN ANY COURT OF THIS STATE UPON A CLAIM OR CAUSE OF ACTION ARISING OUT OF ANY TRANSACTION DONE IN THIS STATE; TO AMEND SECTION 83-5-207, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO; AND FOR RELATED PURPOSES.
End Of Document
1997/History/HB\HB0585.htm