Bill Text | History of Actions | Background | Title |
Description: Wind pool; policyholders may select higher deductible percentage and receive lower premium rates.
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: Wells-Smith
Additional Author: Upshaw
Code Section: A 083-0034-0015
Title: AN ACT TO AMEND SECTION 83-34-15, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT HOLDERS OF INSURANCE POLICIES ISSUED BY THE MISSISSIPPI WINDSTORM UNDERWRITING ASSOCIATION (WIND POOL) MUST BE GIVEN THE OPTION TO SELECT DEDUCTIBLE PERCENTAGES THAT ARE HIGHER THAN THE MINIMUM REQUIRED PERCENTAGE FOR A DEDUCTIBLE BASED ON A PERCENTAGE OF THE VALUE OF THE PROPERTY THAT APPLIES TO WINDSTORM LOSSES RESULTING FROM A HURRICANE; TO PROVIDE THAT THE PREMIUM RATES FOR SUCH A POLICY SHALL BE CORRESPONDINGLY REDUCED WHEN THE POLICYHOLDER SELECTS A HIGHER PERCENTAGE DEDUCTIBLE; AND FOR RELATED PURPOSES.
End Of Document
2007/pdf/History/HB/HB1426.htm