Bill Text | History of Actions | Background | Title |
Description: Insurance companies; require written approval of the commissioner before paying extraordinary dividends.
Bill Text: [Introduced] [Committee Substitute] [Passed House] [Sent to Governor]
| 1 | 01/08 (H) Referred To Insurance | |
| 2 | 01/24 (H) Title Suff Do Pass Comm Sub | |
| 3 | 01/31 (H) Committee Substitute Adopted | |
| 4 | 01/31 (H) Passed | |
| 5 | 02/02 (H) Transmitted To Senate | |
| 6 | 02/07 (S) Referred To Insurance | |
| 7 | 02/15 (S) Title Suff Do Pass | |
| 8 | 02/28 (S) Passed | |
| 9 | 03/01 (S) Transmitted To House | |
| 10 | 03/05 (H) Enrolled Bill Signed | |
| 11 | 03/06 (S) Enrolled Bill Signed | |
| 12 | 03/11 Approved by Governor |
| Effective date | July 1, 2001 | |
| Disposition | Law | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Majority | |
| Chapter number | 377 |
House Committee:
Senate Committee:
Principal Author: Stevens
Code Section: A 083-0006-0025
Title: AN ACT TO AMEND SECTION 83-6-25, MISSISSIPPI CODE OF 1972, TO REQUIRE INSURANCE COMPANIES TO RECEIVE WRITTEN APPROVAL FROM THE INSURANCE COMMISSIONER BEFORE DISTRIBUTING EXTRAORDINARY DIVIDENDS; TO ELIMINATE THE THIRTY-DAY WAITING PERIOD FOR THE COMMISSIONER'S RESPONSE BEFORE DISTRIBUTION; TO PROVIDE THAT THE INSURER MAY PAY EXTRAORDINARY DIVIDENDS IF THE COMMISSIONER HAS NOT DISAPPROVED SUCH PAYMENT WITHIN FORTY-FIVE DAYS AFTER HE RECEIVES THE WRITTEN REQUEST FOR APPROVAL; AND FOR RELATED PURPOSES.
End Of Document
2001/pdf/History/HB/HB0643.htm