MS HB363

Removes restrictions on governing boards of political subdivisions (counties, municipalities, school districts, community/junior college districts) to qualify as self-insurers for employee group insurance benefits

Allows political subdivisions to join together to pool insurance risks, act as self-insurers, or contract for group insurance policies without previously existing limitations

Authorizes governing boards to negotiate group insurance covering life, health, accident, hospitalization, and salary protection for employees and their dependents

Requires third-party administrators for self-insurance programs to be approved by the Commissioner of Insurance, with excess benefits covered by licensed insurance companies

Preserves sovereign immunity for political subdivisions providing group insurance plans, limiting liability to the extent of insurance carried or funds available in self-insurance funds