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MS SB2733
Bill
AI Summary
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Amends Mississippi Code Section 83-11-101 to require insurers to inform named insureds of the benefits and reasons for purchasing uninsured motorist coverage on a Department of Insurance-approved form.
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Rejection of uninsured motorist coverage signed by or on behalf of the named insured becomes binding on all persons covered by the automobile liability insurance policy.
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Establishes that a signed rejection form creates a presumption of an informed, knowing rejection and waiver of uninsured motorist coverage for all insureds under the policy.
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Applies to automobile liability insurance policies issued or renewed after July 1, 2014.
Legislative Description
Uninsured motorist coverage; rejection of coverage shall be binding upon all insured persons.
Last Action
Approved by Governor
3/24/2014