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MS SB2443

Bill

Status

Passed

3/17/2015

Primary Sponsor

Videt Carmichael

Click for details

Origin

Senate

2015 Regular Session

AI Summary

  • Allows employees and authorized agents of limited license rental car companies to receive compensation (commissions, bonuses, other consideration) for insurance activities that is incidental to their overall compensation without requiring individual licensing.

  • Permits rental car company employees and agents to offer, sell, or solicit specified insurance types (personal accident, liability, personal effects, roadside assistance, and emergency sickness protection) in connection with rental car rentals under the company's limited license.

  • Requires each limited license rental car company to conduct training programs for employees and authorized agents on the kinds of insurance specified and provide supervision for their insurance sales activities.

  • Amends sections 83-17-7, 83-17-55, 83-17-63, and 83-17-73 of Mississippi Code of 1972 to implement these provisions across multiple insurance licensing statutes.

  • Takes effect July 1, 2015.

Legislative Description

Car rental limited license; provide that employee or agent of company shall not be required to have license.

Last Action

Approved by Governor

3/17/2015

Committee Referrals

Insurance1/19/2015

Full Bill Text

No bill text available