MS HB2

Increases the maximum life insurance policy death benefit for industrial life insurers from Ten Thousand Dollars ($10,000.00) to Twenty Thousand Dollars ($20,000.00), excluding multiple indemnity benefits.

Modifies Section 83-19-31 of the Mississippi Code of 1972 regarding capital and surplus requirements for insurance companies formed in Mississippi.

Industrial life insurers remain subject to other existing policy limits, including Sixty Dollars ($60.00) per week for disability benefits and Five Thousand Dollars ($5,000.00) for dismemberment and loss of eyesight benefits.

Becomes effective July 1, 2018.