Bill Text | History of Actions | Background | Title |
Description: Insurance; create "Honesty is the Best Insurance Policy Act" requiring a non-coverage disclosure list on policies.
Bill Text: [Introduced]
| 1 | 01/15 (H) Referred To Insurance | |
| 2 | 01/30 (H) Died In Committee |
| Effective date | July 1, 2007 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Majority |
House Committee:
Principal Author: Moak
Title: AN ACT TO SET FORTH THE "HONESTY IS THE BEST INSURANCE POLICY ACT"; TO PROVIDE THAT EACH INDIVIDUAL POLICY WRITTEN BY AN INSURANCE COMPANY DOING BUSINESS IN THE STATE OF MISSISSIPPI SHALL INCLUDE ON THE FRONT OR FIRST PAGE OF THE POLICY A "NON-COVERAGE DISCLOSURE" CHECKLIST; TO PROVIDE THAT THE CHECKLIST SHALL BE IN PLAIN ENGLISH, SHALL STATE ALL CONDITIONS, EXCLUSIONS AND OTHER LIMITATIONS OF COVERAGE UNDER THE POLICY, AND SHALL BE IN A FORMAT THAT REQUIRES THE INSURER TO PLACE A CHECK MARK NEXT TO SUCH LIMITATIONS OF COVERAGE SO THAT THE POLICYHOLDER CAN SEE WHAT COVERAGE IS NOT INCLUDED UNDER THE POLICY; TO SET FORTH PENALTIES FOR VIOLATIONS OF THE ACT; AND FOR RELATED PURPOSES.
End Of Document
2007/html/History/HB/HB1543.htm