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MS HB679

Bill

Official Source

Status

Failed

2/3/2015

Primary Sponsor

David Baria

Click for details

Origin

House of Representatives

2015 Regular Session

AI Summary

  • Prohibits insurance companies from paying bonuses or extra compensation to agents based on the number of insurance claims filed or paid on a policy
  • Prohibits insurance companies from paying bonuses or extra compensation to agents based on the actual dollar amount of claims paid on a policy
  • Applies to both direct and indirect payments of such compensation
  • Becomes effective July 1, 2015

Legislative Description

Insurance companies; prohibit payment of loss ratio bonus to agents.

Last Action

Died In Committee

2/3/2015

Committee Referrals

Insurance1/19/2015

Full Bill Text

No bill text available