MS HB1143

Exempts rates, supplementary rate information, policy forms and endorsements for specified commercial lines insurance coverages from filing and approval requirements with the Mississippi Commissioner of Insurance.

Applies exemption to 11 categories of commercial lines coverage including surety and fidelity, boiler and machinery, pollution liability, kidnap and ransom, political risk, excess and umbrella liability, employment practices liability, media liability, and product liability.

Allows the Commissioner to designate additional commercial lines coverages for exemption through regulation to promote competition or conserve department resources.

Authorizes the Commissioner to issue orders prohibiting non-compliant rates or forms prospectively and to temporarily reinstate filing requirements for up to one year if competitive market conditions are lacking.

Takes effect July 1, 2019.