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MS HB182

Bill

Official Source

Status

Failed

1/31/2017

Primary Sponsor

David Baria

Click for details

Origin

House of Representatives

2017 Regular Session

AI Summary

  • Prohibits insurance companies from paying bonuses or extra compensation to agents based on the number of claims filed and/or paid on an insurance policy
  • Prohibits insurance companies from paying bonuses or extra compensation to agents based on the actual amount of claims paid on an insurance policy
  • Applies to both direct and indirect payments of such bonuses or compensation
  • Takes effect July 1, 2017

Legislative Description

Insurance companies; prohibit payment of loss ratio bonus to agents.

Last Action

Died In Committee

1/31/2017

Committee Referrals

Insurance1/3/2017

Full Bill Text

No bill text available