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MS SB2653
Bill
AI Summary
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Directs the Department of Revenue to deposit $40,000,000 annually from insurance premium tax revenues into the Mississippi Windstorm Underwriting Association Reinsurance Assistance Fund for fiscal years 2013 and 2014
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Requires billing statements for essential property insurance to indicate that $120,000,000 total will be deposited over a seven-year period to reduce premium rates
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Sunsets on July 1, 2014, after which the deposit requirement terminates
Legislative Description
Wind Pool Reinsurance Assistance Fund; divert amount of insurance premium tax to the fund.
Last Action
Died In Committee
3/6/2012
Full Bill Text
No bill text available