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MS HB832
Bill
Status
Failed
2/3/2015
Primary Sponsor
Joey Hood
Click for details
AI Summary
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Amends Section 83-19-31, Mississippi Code of 1972 to increase the maximum life insurance policy death benefit limit for industrial life insurers from $5,000 to $20,000.
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Industrial life insurers remain subject to other policy limits including disability benefits ($60 per week), dismemberment/loss of sight benefits ($5,000 per policy year), and hospitalization/medical benefits ($3,500 per policy year).
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Takes effect July 1, 2015.
Legislative Description
Industrial life insurers; increase maximum life insurance policy from $5,000.00 to $20,000.00.
Last Action
Died In Committee
2/3/2015
Committee Referrals
Insurance1/19/2015
Full Bill Text
No bill text available