History of Actions | Background | Title |
Description: Insurance regulatory laws; make technical amendments to.
| 1 | 01/05/99 | (S) | Referred To Insurance;Finance | |
| 2 | 02/02/99 | (S) | Died In Committee |
| Effective date | July 1, 1999 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| 3/5ths vote required | No |
Senate Committees:
Principal Author: Kirby
Code Sections: A 083-0001-0021, A 083-0019-0031, A 083-0019-0051, A 083-0019-0067, A 083-0039-0017, A 083-0057-0013, A 083-0057-0031, RP 083-0019-0025
Title: AN ACT TO AMEND SECTION 83-1-21, MISSISSIPPI CODE OF 1972, TO EXEMPT CERTAIN INFORMATION RECEIVED BY THE COMMISSIONER OF INSURANCE FROM THE MISSISSIPPI PUBLIC RECORDS ACT; TO AMEND SECTION 83-19-31, MISSISSIPPI CODE OF 1972, TO DELETE THE PROHIBITION OF LOANING ANY CAPITAL OR SURPLUS OF A DOMESTIC INSURANCE COMPANY TO ANY STOCKHOLDER, OFFICER OR DIRECTOR OF THE COMPANY; TO AMEND SECTION 83-19-51, MISSISSIPPI CODE OF 1972, TO PROHIBIT ANY AMOUNT OF CAPITAL OR SURPLUS OF A DOMESTIC INSURANCE COMPANY FROM BEING LOANED TO ANY STOCKHOLDER, OFFICER OR DIRECTOR OF THE COMPANY; TO AMEND SECTION 83-19-67, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT MANAGEMENT CONTRACTS SHALL BE FILED WITH, AND SUBJECT TO REVIEW AND FINAL APPROVAL OF, THE DEPARTMENT OF INSURANCE; TO AMEND SECTION 83-39-17, MISSISSIPPI CODE OF 1972, TO REVISE THE NOTICE REQUIREMENTS FOR REVOCATION HEARINGS OF BAIL AGENT PRIVILEGE LICENSES; TO AMEND SECTION 83-57-13, MISSISSIPPI CODE OF 1972, TO REVISE THE METHOD OF COMPUTING THE NET ASSET REQUIREMENT OF HOME WARRANTY ASSOCIATIONS; TO AMEND SECTION 83-57-31, MISSISSIPPI CODE OF 1972, TO CORRECT AN INCORRECT CODE SECTION REFERENCE; TO CREATE A NEW CODE SECTION TO BE CODIFIED WITHIN CHAPTER 5 OF TITLE 83, MISSISSIPPI CODE OF 1972, TO REQUIRE INSURERS TO NOTIFY THE COMMISSIONER OF INSURANCE AND FILE A BIOGRAPHICAL AFFIDAVIT WHEN CHANGING OFFICERS AND DIRECTORS; TO REPEAL SECTION 83-19-25, MISSISSIPPI CODE OF 1972, WHICH PROHIBITS DOMESTIC INSURANCE COMPANIES FROM PAYING SALARIES IN EXCESS OF $5,000.00 TO NON-RESIDENT OFFICERS AND EMPLOYEES; AND FOR RELATED PURPOSES.
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