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MS HB191

Bill

Official Source

Status

Failed

2/23/2016

Primary Sponsor

Gary Chism

Click for details

Origin

House of Representatives

2016 Regular Session

AI Summary

  • Establishes a 1.5% fee on every bail bond written in Mississippi to be paid by the bail agent on gross premiums
  • Fee revenue is deposited into the "Insurance Department Fund" in the State Treasury to cover implementation and operation costs of the Electronic Bondsman Registry and Bail Bond Database
  • Defines "gross premiums" as the total gross amount of premiums, commissions, or fees received on the bail bond
  • Exempts bail bonds already subject to premium tax under Section 27-15-109 from the 1.5% fee
  • Takes effect July 1, 2016

Legislative Description

Bail agents; establish fee to defray cost of Electronic Bondsman Registry and Bail Bond Database.

Last Action

Died In Committee

2/23/2016

Committee Referrals

Insurance2/8/2016

Full Bill Text

No bill text available