Mississippi Legislature

1999 Regular Session

Senate Bill 2990

[Introduced]

Instructions Bill Status Menu




History of Actions

Background

Title

Description: Certified Capital Company Law; create under regulation of Department of Insurance.

History of Actions:

101/18/99(S)Referred To Insurance;Judiciary
202/02/99(S)Died In Committee

Background Information:

Effective dateJuly 1, 1999
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
3/5ths vote requiredYes

Senate Committees:

Principal Author: Kirby

Code Sections: BF 027-0015-0103, BF 027-0015-0105, BF 027-0015-0107, BF 027-0015-0109, BF 027-0015-0113, BF 027-0015-0115, BF 027-0015-0117, BF 027-0015-0119, BF 027-0015-0121, BF 027-0015-0123, BF 027-0015-0125, BF 027-0015-0127, BF 027-0015-0129, BF 027-0015-0131

Title: AN ACT TO CREATE THE CERTIFIED CAPITAL COMPANY LAW TO PROVIDE INCENTIVES FOR INSURANCE COMPANIES TO INVEST IN QUALIFIED BUSINESS; TO PROVIDE THAT THE DEPARTMENT OF INSURANCE SHALL ESTABLISH RULES AND REGULATIONS CONCERNING APPLICATIONS AND QUALIFICATIONS FOR BECOMING A CERTIFIED CAPITAL COMPANY; TO PROVIDE THAT CERTIFIED INVESTORS SHALL BE ENTITLED TO CERTAIN PREMIUM TAX CREDITS; TO PROVIDE AGGREGATE LIMITATIONS ON THE PREMIUM TAX CREDITS; TO PROVIDE REQUIREMENTS FOR CONTINUATION OF CERTIFICATION; TO PROVIDE FOR DECERTIFICATION FOR VIOLATIONS; TO BRING FORWARD SECTIONS 27-15-103, 27-15-105, 27-15-107, 27-15-109, 27-15-113, 27-15-115, 27-15-117, 27-15-119, 27-15-121, 27-15-123, 27-15-125, 27-15-127, 27-15-129 AND 27-15-131, MISSISSIPPI CODE OF 1972, WHICH RELATE TO INSURANCE PREMIUM TAXES, FOR PURPOSES OF AMENDMENT; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 02/02/99 at 17:10.



End Of Document

1999\pdf\History/SB\SB2990.htm