Bill Text | History of Actions | Background | Title |
Description: Workers' Compensation Self-insurer Guaranty Association; create separate associations for individual and group.
Bill Text: [Introduced]
| 1 | 01/30 (S) Referred To Insurance | |
| 2 | 03/09 (S) Died In Committee |
| Effective date | July 1, 2004 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Three/Fifths |
Senate Committee:
Principal Author: Kirby
Code Sections: A 071-0003-0153, A 071-0003-0157, A 071-0003-0159, A 071-0003-0161, A 071-0003-0163, A 071-0003-0165, A 071-0003-0167, A 071-0003-0169, A 071-0003-0173, A 071-0003-0175, A 071-0003-0177, A 071-0003-0179, A 071-0003-0181
Title: AN ACT TO AMEND SECTION 71-3-159, MISSISSIPPI CODE OF 1972, TO CREATE TWO NONPROFIT UNINCORPORATED LEGAL ENTITIES TO BE KNOWN AS THE "MISSISSIPPI WORKERS' COMPENSATION INDIVIDUAL SELF-INSURER GUARANTY ASSOCIATION" AND THE "MISSISSIPPI WORKERS' COMPENSATION GROUP SELF-INSURER GUARANTY ASSOCIATION"; TO AMEND SECTION 71-3-157, MISSISSIPPI CODE OF 1972, TO REVISE DEFINITIONS; TO AMEND SECTION 71-3-161, MISSISSIPPI CODE OF 1972, TO PROVIDE FOR BOARDS OF DIRECTORS OF THE INDIVIDUAL ASSOCIATION AND THE GROUP ASSOCIATION; TO AMEND SECTION 71-3-163, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT ALL FUNDS IN THE MISSISSIPPI WORKERS' COMPENSATION SELF-INSURER GUARANTY ASSOCIATION SHALL BECOME AND REMAIN ASSETS OF THE MISSISSIPPI WORKERS' COMPENSATION INDIVIDUAL SELF-INSURER GUARANTY ASSOCIATION; TO PROVIDE FOR CERTAIN ASSESSMENTS TO EACH INDIVIDUAL SELF-INSURER AND TO EACH GROUP SELF-INSURER; TO AMEND SECTION 71-3-165, MISSISSIPPI CODE OF 1972, TO REQUIRE THAT EACH ASSOCIATION SHALL SUBMIT A PLAN OF OPERATION TO THE COMMISSION; TO AMEND SECTION 71-3-169, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT CERTAIN EXPENSES, INTEREST AND PENALTIES SHALL BE ADDED TO ANY RECOVERY BY AN ASSOCIATION FROM A SELF-INSURER IN DEFAULT; TO AMEND SECTION 71-3-173, MISSISSIPPI CODE OF 1972, TO PROVIDE FOR CERTAIN EXAMINATIONS OF THE FINANCIAL CONDITION OF MEMBER SELF-INSURERS AND GROUP SELF-INSURERS; TO CREATE NEW CODE SECTION 71-3-174, MISSISSIPPI CODE OF 1972, TO PROVIDE FOR SPECIAL ASSESSMENT PLANS IF AN ASSOCIATION ASSUMES OBLIGATIONS OF AN INDIVIDUAL SELF-INSURER OR GROUP SELF-INSURER WHICH EXCEED THE ASSETS OF SUCH ASSOCIATION; TO AMEND SECTIONS 71-3-153, 71-3-167, 71-3-175, 71-3-177, 71-3-179 AND 71-3-181, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO; AND FOR RELATED PURPOSES.
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