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MS HB280
Bill
Status
2/5/2019
Primary Sponsor
Gary Chism
Click for details
AI Summary
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Diverts $1.5 million from nonadmitted policy fees (collected at 3% of premiums) into a special State Treasury fund for Mississippi Crime Laboratory equipment beginning July 1, 2019 through June 30, 2020.
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Diverts $4.5 million from nonadmitted policy fees into the Rural Fire Truck Fund or Supplementary Rural Fire Truck Fund for the same period.
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Extends the repealer date for the nonadmitted policy fee from July 1, 2019 to July 1, 2020.
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Applies 3% nonadmitted policy fee to all surplus lines insurance premiums except residential earthquake and non-National Flood Insurance Program residential flood coverage.
Legislative Description
Nonadmitted policy fee; extend repealer on and revise diversion for FY 2020.
Last Action
Died In Committee
2/5/2019