MS HB981

Establishes that uninsured motorist coverage limits for bodily injury shall automatically equal the bodily injury liability coverage limits for policies issued after July 1, 2014, unless the insured specifically selects lower limits in writing.

Establishes that uninsured motorist property damage coverage limits shall automatically equal the property damage liability coverage limits for policies issued after July 1, 2014, unless the insured specifically selects lower limits in writing.

Allows insureds to select lower uninsured motorist coverage limits in writing, but not below the minimum limits required by the Mississippi Motor Vehicle Safety Responsibility Law.

Permits lower selected limits to carry forward to renewal policies issued by the same insurer unless the insured requests higher coverage in writing.

Requires that new applications submitted for renewal, reinstatement, or replacement transactions shall reset to the default automatic coverage limits equal to liability limits.