MISSISSIPPI LEGISLATURE
2005 Regular Session
To: Insurance
By: Representative Formby
AN ACT TO AMEND SECTION 83-37-29, MISSISSIPPI CODE OF 1972, TO REVISE THE PENALTIES AGAINST PERSONS IN THE BURIAL ASSOCIATION BUSINESS FOR FAILURE TO COMPLY WITH CERTAIN REPORTING REQUIREMENTS OF THE COMMISSIONER OF INSURANCE; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. Section 83-37-29, Mississippi Code of 1972, is amended as follows:
83-37-29. Any person, firm, association, or corporation engaging in the business herein described without first having complied with the provisions hereof, or any person who shall knowingly make any false statement in the reports required by this chapter as determined by the Commissioner of Insurance after written notice and hearing, shall be assessed a penalty for each violation of not less than Two Hundred Fifty Dollars ($250.00) nor more than Five Hundred Dollars ($500.00), and in addition thereto may forfeit the license to do business in this state. Funds from such penalties shall be deposited with the State Treasurer to be placed in a fund designated as the "Insurance Department Fund."
SECTION 2. This act shall take effect and be in force from and after July 1, 2005.