Mississippi House Bill 606 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on February 4 2014 - 100% progression
Action: 2014-02-04 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

An Act To Amend Section 83-23-205, Mississippi Code Of 1972, To Revise The Coverages Provided Under The Mississippi Life And Health Insurance Guaranty Association Act By Clarifying The Coverage For Equity Index Products, Excluding The Coverage For Certain Medicare Policies, And Increasing The Coverage Limitation For Long-term Care Insurance And Annuity Benefits; To Amend Section 83-23-209, Mississippi Code Of 1972, To Provide That The Definition Of "member Insurer" Does Not Include An Organization That Has A Certificate Or License Limited To The Issuance Of Charitable Gift Annuities; To Amend Section 83-23-215, Mississippi Code Of 1972, To Revise The Powers Of The Association; To Amend Section 83-23-217, Mississippi Code Of 1972, To Increase The Maximum Class A Assessment; To Amend Section 83-23-219, Mississippi Code Of 1972, To Require Certain Provisions Of Plan Of Operation; To Amend Section 83-23-221, Mississippi Code Of 1972, To Revise The Time For Appeals Of Actions By The Association; To Amend Section 83-23-223, Mississippi Code Of 1972, To Clarify A Certain Acronym Used In The Act; To Amend Section 83-23-225, Mississippi Code Of 1972, To Clarify The Association's Duty To Disclose Certain Records With Respect To Impaired Or Insolvent Insurers; To Amend Section 83-23-227, Mississippi Code Of 1972, To Revise The Annual Reporting Requirements Of The Association; To Amend Section 83-23-233, Mississippi Code Of 1972, To Revise The Duration Of The Automatic Stay Of Judicial Proceedings Upon Order Of Liquidation, Rehabilitation Or Conservation; To Create A New Section 83-23-237, Mississippi Code Of 1972, To Provide For The Applicability Of The Amendments Made By This Act; And For Related Purposes.

Mississippi Life and Health Insurance Guaranty Association Act; conform to NAIC model law.

Rep. Gary Chism [R]

Date	Chamber	Action
2014-02-04	House	Died In Committee
2014-01-20	House	Referred To Insurance

Type	Source
Summary	https://billstatus.ls.state.ms.us/2014/pdf/history/HB/HB0606.xml
Text	https://billstatus.ls.state.ms.us/documents/2014/html/HB/0600-0699/HB0606IN.htm