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MS SB2191
Bill
Status
Failed
2/23/2016
Primary Sponsor
Videt Carmichael
Click for details
AI Summary
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Amends Section 83-21-21, Mississippi Code of 1972, to authorize 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 of Insurance to provide the association with at least 60 days' notice before requesting a transfer of excess funds.
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Changes the mechanism for transferring excess fees from requiring legislative action to allowing the commissioner to request transfers upon providing proper notice.
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Effective July 1, 2016.
Legislative Description
Surplus Lines Association; authorize Commissioner of Insurance to transfer certain funds to Insurance Department Special Fund.
Last Action
Died In Committee
2/23/2016
Committee Referrals
Appropriations2/5/2016
Full Bill Text
No bill text available