Senate Amendments to House Bill No. 984

 

TO THE CLERK OF THE HOUSE:

 

  THIS IS TO INFORM YOU THAT THE SENATE HAS ADOPTED THE AMENDMENTS SET OUT BELOW:

 

 

AMENDMENT NO. 1

 

     Amend by striking all after the enacting clause and inserting in lieu thereof the following:

 

     SECTION 1.  Section 83-55-16, Mississippi Code of 1972, is amended as follows:

     83-55-16. * * *

     (1)  Each risk retention group or risk purchasing group which wishes to do or continue to do business in this state shall annually register on or before March 1 of each year.  Should a risk retention group or risk purchasing group fail to timely register, the commissioner shall immediately revoke without notice or hearing any registration * * * held by the entity.

     (2)  Each risk retention group or risk purchasing group operating in the State of Mississippi shall file with the Mississippi Department of Insurance on or before March 1 of each year a listing of the premiums written on risks in Mississippi.

     SECTION 2.  This act shall take effect and be in force from and after July 1, 2006.

     Further, amend by striking the title in its entirety and inserting in lieu thereof the following:

 

     AN ACT TO AMEND SECTION 83-55-16, MISSISSIPPI CODE OF 1972, TO DELETE THE ANNUAL REGISTRATION FEE REQUIRED TO BE PAID BY RISK RETENTION GROUPS OR RISK PURCHASING GROUPS; AND FOR RELATED PURPOSES.

 

SS02\HB984A.J

 

                                                 John O. Gilbert

                                         Secretary of the Senate

 

---