Bill Amendment: MS HB948 | 2018 | Regular Session

NOTE: For additional amemendments please see the Bill Drafting List

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Bill Title: Windstorm Underwriting Association; revise various provisions relating to.

Status: 2018-02-27 - Died In Committee [HB948 Detail]

Download: Mississippi-2018-HB948-House_Amendment_No_1_Cmte_Sub_.html

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Adopted

 

AMENDMENT NO 1 PROPOSED TO

 

Cmte Sub for House Bill No.  948

 

BY: Representatives Chism, Turner

 

     AMEND after line 91 by inserting the following new subsection:

     "(4)  All contracts for personal and professional services entered into by the Mississippi Windstorm Underwriting Association that exceed Seventy-five Thousand Dollars ($75,000.00) in annual payments shall be submitted to the Commissioner of Insurance and the Public Procurement Review Board for review and approval.  This subsection (4) shall not apply to the reinsurance policy itself."