Bill Text | History of Actions | Background | Title |
Description: Unfair Trade Practices model act; enact.
Bill Text: [Introduced]
| 1 | 01/04 (S) Referred To Insurance | |
| 2 | 01/30 (S) Died In Committee |
| Effective date | July 1, 2001 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Majority |
Senate Committee:
Principal Author: Kirby
Code Sections: RP 083-0005-0029, RP 083-0005-0030, RP 083-0005-0031, RP 083-0005-0033, RP 083-0005-0035, RP 083-0005-0039, RP 083-0005-0041, RP 083-0005-0043, RP 083-0005-0045, RP 083-0005-0047, RP 083-0005-0049, RP 083-0005-0051, RP 083-0005-0037
Title: AN ACT TO PROHIBIT UNFAIR TRADE PRACTICES IN THE BUSINESS OF INSURANCE; TO DEFINE CERTAIN TERMS USED IN THIS ACT; TO DEFINE CERTAIN PRACTICES AS UNFAIR TRADE PRACTICES; TO PROHIBIT FAVORED AGENTS OR INSURERS AND THE COERCION OF DEBTORS; TO AUTHORIZE THE COMMISSIONER OF INSURANCE TO ISSUE CEASE AND DESIST ORDERS AND MONETARY PENALTY ORDERS UPON INSURERS FOUND TO HAVE ENGAGED IN UNFAIR TRADE PRACTICES; TO PROVIDE FOR JUDICIAL REVIEW OF ORDERS; TO AUTHORIZE A MONETARY PENALTY FOR VIOLATING THE CEASE AND DESIST ORDERS; TO AUTHORIZE THE COMMISSIONER OF INSURANCE TO PROMULGATE REASONABLE RULES, REGULATIONS AND ORDERS AS ARE NECESSARY TO CARRY OUT THE PROVISIONS OF THIS ACT; TO REPEAL SECTIONS 83-5-29 THROUGH 83-5-51, MISSISSIPPI CODE OF 1972, WHICH REGULATE TRADE PRACTICES IN THE BUSINESS OF INSURANCE; AND FOR RELATED PURPOSES.
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2001/pdf/History/SB/SB2158.htm