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MS SB2864

Bill

Status

Passed

3/12/2019

Primary Sponsor

Videt Carmichael

Click for details

Origin

Senate

2019 Regular Session

AI Summary

  • 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.

  • 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.

  • 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