MS HB523

Requires insurers to provide written notice to employers purchasing workers' compensation policies through the Mississippi Assigned Risk Pool that minimum premiums are fully earned and non-refundable regardless of cancellation date or reason

Notice must be provided before policy issuance in letter form or as a clearly visible stamp on the policy face page

Mandates that employers or persons with disputes regarding the Mississippi Workers' Compensation Assigned Risk Plan or its servicing carriers must exhaust all administrative dispute resolution remedies before filing a civil lawsuit

Effective date of July 1, 2016