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MS HB630

Bill

Status

Passed

3/15/2019

Primary Sponsor

Gary Chism

Click for details

Origin

House of Representatives

2019 Regular Session

AI Summary

  • Amends Mississippi Code Section 83-17-53 to include self-storage insurance within the definition of limited lines insurance.

  • Authorizes insurance producers to obtain a limited lines license qualification for self-storage insurance under Section 83-17-63.

  • Creates a new limited lines self-storage insurance producer license allowing individuals and business entities to offer, sell, solicit and negotiate self-storage insurance at facilities where they conduct business.

  • Requires limited lines producers to maintain a register of self-storage facilities, provide written disclosures to purchasers about coverage terms and claim processes, and comply with insurer-supervised training programs for employees.

  • Prohibits requiring self-storage insurance purchase as a condition of entering into a rental agreement and takes effect July 1, 2019.

Legislative Description

Insurance producers; create a limited lines producer license for self-storage insurance.

Last Action

Approved by Governor

3/15/2019

Committee Referrals

Insurance1/16/2019

Full Bill Text

No bill text available