Mississippi Legislature
2006 Regular Session

House Bill 1183

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Bill Text

History of Actions

Background

Title

Description: Property/casualty insurance claims; require timely payment of.

Bill Text: [Introduced]

History of Actions:

1 01/16 (H) Referred To Insurance
2 01/31 (H) Died In Committee

Background Information:

Effective dateJuly 1, 2006
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
Vote type requiredMajority

House Committee:

Principal Author: Franks

Title: AN ACT TO PROVIDE THAT INSURANCE COMPANIES MUST PAY ON A TIMELY BASIS THE BENEFITS PROVIDED UNDER THE TERMS OF AUTOMOBILE, HOMEOWNERS, AND FLOOD, HURRICANE OR WINDSTORM INSURANCE POLICIES, OR IN THE ALTERNATIVE, PAY INTEREST ON CLAIMS NOT PAID ON A TIMELY BASIS; TO PROVIDE CONDITIONS UNDER WHICH THE PAYMENT OF CLAIMS SHALL NOT BE CONSIDERED TO BE UNTIMELY; TO PROVIDE FOR THE CALCULATION OF INTEREST ON CLAIMS THAT ARE NOT PAID ON A TIMELY BASIS; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 03/15/06 at 11:15.

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