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MS SB2736
Bill
AI Summary
- Amends Section 83-2-7 of the Mississippi Code to allow the Commissioner of Insurance to extend the review period for rate filings by up to 60 days beyond the initial 30-day review window, with written notice required within the first 30 days
- Requires that rate filings are deemed approved and become effective unless the Commissioner disapproves them before the expiration of the original waiting period or any extension
- Authorizes the Commissioner to request additional supporting information from the filing entity, and the filing is not considered complete until that information is provided
- Maintains the existing requirement that insurers file all rates, supplementary rate information, policy forms, and endorsements at least 30 days before the proposed effective date
- Effective date of July 1, 2010; introduced by Senator Clarke during the 2010 Regular Session of the Mississippi Legislature
Legislative Description
Insurance rate filings; revise effective date when Commissioner of Insurance needs extension to consider filing.
Last Action
Approved by Governor
3/9/2010
Full Bill Text
No bill text available