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MS HB1034
Bill
Status
Failed
3/2/2010
Primary Sponsor
Walter Robinson
Click for details
AI Summary
- Amends Section 83-2-7 of the Mississippi Code of 1972 to revise the timeframe and requirements for the Commissioner of Insurance to review rate filings submitted by insurers
- Grants the Commissioner authority to extend the initial 30-day review period by up to an additional 60 days by providing written notice that more time is needed to consider a filing
- A rate filing is deemed approved and becomes effective unless the Commissioner disapproves it before the expiration of the initial 30-day waiting period or any extension of that period
- Requires that if a filing lacks sufficient supporting information, the Commissioner must notify the filing entity of what is needed; the filing is not considered complete until all required supporting information is furnished
- Effective date is July 1, 2010
Legislative Description
Filing of rates by insurers; revise.
Last Action
Died In Committee
3/2/2010
Full Bill Text
No bill text available