Loading chat...
MS SB2816
Bill
AI Summary
- Department of Revenue shall deposit $20,000,000 annually from insurance premium tax revenue into the Mississippi Windstorm Underwriting Association Reinsurance Assistance Fund for fiscal years 2012 and 2013
- Total deposit over the six-year period will be $120,000,000, with funds used to reduce premium rates for essential property insurance written through the association
- Each billing statement for essential property insurance must clearly indicate the legislative deposit of $120,000,000 into the reinsurance assistance fund
- Section repeals effective July 1, 2013
- Act takes effect upon passage
Legislative Description
Wind Pool Reinsurance Assistance Fund; divert amount of insurance premium tax to the fund.
Last Action
Died In Committee
2/1/2011
Full Bill Text
No bill text available