Bill Text | History of Actions | Background | Title |
Description: Mississippi Residential Property Insurance Underwriting Association; create.
Bill Text: [Introduced]
| 1 | 01/20 (S) Referred To Insurance | |
| 2 | 02/04 (S) Died In Committee |
| Effective date | July 1, 2003 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Three/Fifths |
Senate Committee:
Principal Author: Kirby
Code Sections: A 083-0038-0001, A 083-0038-0003, A 083-0038-0005, A 083-0038-0009, A 083-0038-0011, A 083-0038-0013, A 083-0038-0015, A 083-0038-0017, A 083-0038-0021
Title: AN ACT TO AMEND SECTIONS 83-38-1 AND 83-38-5, MISSISSIPPI CODE OF 1972, TO CREATE THE MISSISSIPPI RESIDENTIAL PROPERTY INSURANCE UNDERWRITING ASSOCIATION AS THE REPLACEMENT FOR THE MISSISSIPPI RURAL RISK UNDERWRITING ASSOCIATION TO PROVIDE A RESIDUAL MARKET FOR RESIDENTIAL PROPERTY INSURANCE IN BOTH RURAL AREAS AND OTHER AREAS OF THE STATE; TO PROVIDE THAT THE ASSOCIATION SHALL CONSIST OF ALL INSURERS AUTHORIZED TO WRITE PROPERTY INSURANCE IN THIS STATE ON A DIRECT BASIS; TO PROVIDE THAT THE ASSOCIATION SHALL CONSIST OF ALL INSURERS AUTHORIZED TO WRITE PROPERTY INSURANCE IN THIS STATE ON A DIRECT BASIS; TO AMEND SECTION 83-38-3, MISSISSIPPI CODE OF 1972, TO REVISE DEFINITIONS; TO AMEND SECTION 83-38-9, MISSISSIPPI CODE OF 1972, TO PROVIDE FOR THE APPOINTMENTS TO THE BOARD OF DIRECTORS OF THE ASSOCIATION; TO AMEND SECTION 83-38-11, MISSISSIPPI CODE OF 1972, TO REVISE THE BENEFITS AND OBLIGATIONS OF THE MEMBERS OF THE ASSOCIATION; TO AMEND SECTION 83-38-13, MISSISSIPPI CODE OF 1972, TO REVISE THE PLAN OF OPERATION OF THE ASSOCIATION; TO AMEND SECTION 83-38-15, MISSISSIPPI CODE OF 1972, TO PROVIDE REQUIREMENTS FOR ANNUAL RENEWAL OF POLICIES ISSUED BY THE ASSOCIATION; TO AMEND SECTION 83-38-17, MISSISSIPPI CODE OF 1972, TO REQUIRE THAT FORMS APPLICABLE TO THE INSURANCE WRITTEN BY THE ASSOCIATION SHALL BE APPROVED FOR USE OF THE ASSOCIATION BY THE COMMISSIONER OF INSURANCE; TO AMEND SECTION 83-38-21, MISSISSIPPI CODE OF 1972, TO PROVIDE TECHNICAL AMENDMENTS; AND FOR RELATED PURPOSES.
End Of Document
2003/html/History/SB/SB2704.htm