MS HB1230

Creates the Mississippi Consumer Choice in Uninsured Motorist Coverage Act allowing motor vehicle owners to reject traditional uninsured motorist bodily injury coverage and select "economic-only" coverage by written, signed agreement.

Defines "economic-only" coverage as excluding all noneconomic losses including pain, suffering, inconvenience, and mental anguish while covering only economic damages.

Economic-only coverage selections remain valid for the policy's life and carry forward to renewals, reinstatements, and substitute policies unless the insured requests a change in writing.

Adds exclusions to uninsured motorist property damage coverage for: damage without physical contact unless witnessed by independent disinterested party, loss of vehicle use, and damages paid by other insurance.

Effective date: July 1, 2013.