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MS SB2864
Bill
Status
Passed
3/12/2019
Primary Sponsor
Videt Carmichael
Click for details
AI Summary
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Amends the definition of "covered claim" under the Mississippi Insurance Guaranty Association Law to exclude claims rejected or denied by other state guaranty funds based on statutory exclusions regarding the insured's net worth.
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Adds a deadline provision to Section 83-23-115 specifying that covered claims must be filed by the final date set by the court for filing claims against the liquidator or receiver of an insolvent insurer.
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Effective date is July 1, 2019.
Legislative Description
Mississippi Insurance Guaranty Association Law; revise the definition of "covered claim".
Last Action
Approved by Governor
3/12/2019
Committee Referrals
Insurance1/21/2019
Full Bill Text
No bill text available