Bill Text | History of Actions | Background | Title |
Description: Mississippi Creditor-Placed Insurance Act; enact.
Bill Text: [Introduced] [Passed Senate] [Sent to Governor]
| 1 | 01/15 (S) Referred To Insurance | |
| 2 | 01/25 (S) Title Suff Do Pass | |
| 3 | 01/31 (S) Passed | |
| 4 | 02/02 (S) Transmitted To House | |
| 5 | 02/07 (H) Referred To Insurance | |
| 6 | 02/14 (H) Title Suff Do Pass | |
| 7 | 02/16 (H) Passed | |
| 8 | 02/19 (H) Transmitted To Senate | |
| 9 | 02/20 (S) Enrolled Bill Signed | |
| 10 | 02/22 (H) Enrolled Bill Signed | |
| 11 | 02/28 Approved by Governor |
| Effective date | July 1, 2001 | |
| Disposition | Law | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Majority | |
| Chapter number | 307 |
Senate Committee:
House Committee:
Principal Author: Kirby
Title: AN ACT TO CREATE THE MISSISSIPPI CREDITOR-PLACED INSURANCE ACT; TO DEFINE CERTAIN TERMS; TO PROVIDE FOR THE TIME WHEN CREDITOR-PLACED INSURANCE SHALL BECOME EFFECTIVE OR IS TERMINATED; TO PROVIDE FOR THE METHOD BY WHICH PREMIUMS FOR CREDITOR-PLACED INSURANCE COVERAGE MAY BE CALCULATED; TO PROVIDE THAT CREDITOR-PLACED INSURANCE SHALL BE SET FORTH IN AN INDIVIDUAL POLICY OR CERTIFICATE OF INSURANCE; TO REQUIRE ALL POLICY FORMS AND CERTIFICATES OF CREDITOR-PLACED INSURANCE DELIVERED IN THIS STATE TO BE FILED WITH THE COMMISSIONER OF INSURANCE; TO PROVIDE THAT THE ENTIRE AMOUNT OF THE PREMIUM DUE FROM A CREDITOR SHALL BE REMITTED TO THE INSURER OR ITS PRODUCER IN ACCORDANCE WITH THE INSURER'S REQUIREMENTS; TO PROVIDE THAT A CREDITOR SHALL NOT IMPOSE CHARGES ON A DEBTOR FOR CREDITOR-PLACED INSURANCE COVERAGE UNLESS ADEQUATE DISCLOSURE OF THE REQUIREMENT TO MAINTAIN INSURANCE HAS BEEN MADE TO THE DEBTOR; TO AUTHORIZE THE COMMISSIONER OF INSURANCE TO CONDUCT INVESTIGATIONS OF INSURERS AND PRODUCERS; TO AUTHORIZE THE COMMISSIONER OF INSURANCE TO PROMULGATE RULES AND REGULATIONS; AND FOR RELATED PURPOSES.
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2001/html/History/SB/SB2741.htm