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MS HB173
Bill
Status
3/15/2010
Primary Sponsor
Joe Warren
Click for details
AI Summary
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Extends the repeal date of Section 83-34-39 from July 1, 2010 to July 1, 2013 for requirements depositing insurance premium tax revenue into the Mississippi Windstorm Underwriting Association Reinsurance Assistance Fund.
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Maintains the requirement that the State Tax Commission annually deposit $20,000,000 from insurance premium tax revenue into the special fund through fiscal year 2013.
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Requires billing statements for essential property insurance to indicate that $20,000,000 is deposited annually into the reinsurance assistance fund for the purpose of reducing premium rates.
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Takes effect July 1, 2010.
Legislative Description
MS Windstorm Underwriting Assoc. Reinsur. Assistance Fund; extend repealer on req. that certain tax revenues be deposited into.
Last Action
Allow Governor's Veto to Stand
3/18/2010