Bill Text: MS HB651 | 2023 | Regular Session | Introduced
Bill Title: Auto insurance; policy held by lienholder or secured party not invalidated by intentional act of vehicle owner.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Failed) 2023-01-31 - Died In Committee [HB651 Detail]
Download: Mississippi-2023-HB651-Introduced.html
MISSISSIPPI LEGISLATURE
2023 Regular Session
To: Insurance
By: Representative Hood
House Bill 651
AN ACT TO PROVIDE THAT WHEN ANY PERSON, AS LIENHOLDER, SECURED PARTY, ASSIGNEE OR OTHERWISE, POSSESSES OR HAS A VEHICLE INSURANCE POLICY MADE PAYABLE TO THE PERSON, OR OTHER PERSON AS THAT PERSON'S INTEREST MAY APPEAR, THEN THE INSURANCE AS TO THE INTEREST OF THE LIENHOLDER, SECURED PARTY, ASSIGNEE OR OTHER PERSON NAMED IN THE POLICY MAY NOT BE INVALIDATED BY AN INTENTIONAL ACT OR OMISSION OF THE OWNER OF THE VEHICLE SO INSURED; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. When any person, as lienholder, secured party, assignee or otherwise, possesses or has a vehicle insurance policy made payable to the person, or other person as that person's interest may appear, then the insurance as to the interest of the lienholder, secured party, assignee or other person named in the policy may not be invalidated by an intentional act or omission of the owner of the vehicle so insured.
SECTION 2. This act shall take effect and be in force from and after July 1, 2023.
