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MS SB2735

Bill

Status

Failed

2/15/2010

Primary Sponsor

Eugene Clarke

Click for details

Origin

Senate

2010 Regular Session

AI Summary

  • Increases statewide privilege taxes for insurance adjusters from $100 to $100 for individuals and from an unspecified amount to $400 for incorporated companies, firms, or associations.

  • Makes privilege licenses effective on the date of issuance rather than on a delayed effective date.

  • Excludes multi-peril crop insurance (MPCI) adjusters from the definition of "adjuster" under Mississippi insurance law.

  • Revises continuing education requirements for insurance adjusters and public adjusters to 12 hours for licenses in effect 18 months or less, and 24 hours (including 3 hours on ethics) for licenses in effect more than 18 months.

  • Changes license expiration periods for individual adjusters and public adjusters to align with the licensee's birthday in the second year following issuance or renewal, with a minimum term of 13 months.

Legislative Description

Insurance adjuster and public adjuster licensing; revise certain provisions regarding.

Last Action

Died On Calendar

2/15/2010

Full Bill Text

No bill text available