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MS HB630
Bill
Status
3/15/2019
Primary Sponsor
Gary Chism
Click for details
AI Summary
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Amends Mississippi Code Section 83-17-53 to include self-storage insurance within the definition of limited lines insurance.
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Authorizes insurance producers to obtain a limited lines license qualification for self-storage insurance under Section 83-17-63.
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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.
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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.
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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