MS HB948 | 2018 | Regular Session

Status

Completed Legislative Action
Spectrum: Slight Partisan Bill (Republican 13-5)
Status: Failed on February 27 2018 - 100% progression
Action: 2018-02-27 - Died In Committee
Text: Latest bill text (Engrossed) [HTML]

Summary

An Act To Reenact And Amend Section 83-34-4, Mississippi Code Of 1972, To Require Monies Derived From The Nonadmitted Policy Fee To Be Deposited Into The Rural Fire Truck Fund Or Supplementary Rural Fire Truck Fund And To Extend The Repealer Thereon; To Amend Section 83-34-35, Mississippi Code Of 1972, To Require The Association To Obtain Approval From The Commissioner Before Obtaining Reinsurance Greater Than The Probable Maximum Loss For A Storm Expected To Occur Every One Hundred Fifty Years, And To Require Any Purchase Of Reinsurance To Include At A Minimum A Self-insured Retention Of One Hundred Million Dollars; To Require The Commissioner Of Insurance To Submit A Study Of The Association To The Legislature; To Amend Section 83-21-21, Mississippi Code Of 1972, To Conform; To Amend Section 17-23-1, Mississippi Code Of 1972, To Authorize An Additional Round For The Rural Fire Truck Acquisition Assistance Program; And For Related Purposes.

Tracking Information

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Title

Windstorm Underwriting Association; revise various provisions relating to.

Sponsors


Roll Calls

2018-02-06 - House - House Passed As Amended (Y: 92 N: 23 NV: 6 Abs: 0) [PASS]

History

DateChamberAction
2018-02-27SenateDied In Committee
2018-02-09SenateReferred To Accountability, Efficiency, Transparency;Finance
2018-02-08HouseTransmitted To Senate
2018-02-06HousePassed As Amended
2018-02-06HouseAmended
2018-02-06HouseCommittee Substitute Adopted
2018-01-23HouseTitle Suff Do Pass Comm Sub
2018-01-11HouseReferred To Insurance

Mississippi State Sources


Bill Comments

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