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MS HB1193
Bill
Status
Failed
3/22/2016
Primary Sponsor
Gary Chism
Click for details
AI Summary
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Amends Section 83-21-21 of Mississippi Code to allow the Commissioner of Insurance to transfer surplus lines association fees exceeding $2,000,000 to the Insurance Department Special Fund.
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Requires the Commissioner to provide the association with at least 60 days' notice before requesting a fund transfer.
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Eliminates the previous requirement that fund transfers be approved by the Legislature, replacing it with direct Commissioner authority upon notice.
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Effective date: July 1, 2016.
Legislative Description
MS Surplus Lines Association; authorize Commissioner of Insurance to transfer certain funds from to Insurance Department Special Fund.
Last Action
Died In Committee
3/22/2016
Committee Referrals
Appropriations3/7/2016
Insurance2/8/2016
Full Bill Text
No bill text available