MS HB1117

Authorizes Mississippi to enter into an interstate compact with southern states (Tennessee, West Virginia, Georgia, Arkansas, Louisiana, Alabama, Kentucky, and Oklahoma) to allow reciprocal sale of individual health insurance policies across state lines.

Establishes the Interstate Commission on Health Insurance Market Access composed of each state's governor (ex officio) and four additional citizens appointed by each governor, with members serving four-year terms.

Grants the commission authority to approve individual accident and health insurance policies that meet National Association of Insurance Commissioners (NAIC) actuarial standards and to verify ongoing compliance with compact requirements.

Requires all policy applications and documents to include prominent warnings that policy benefits may be governed by another state's laws and may differ from policies available under the compacting state's regulations, plus side-by-side benefit comparison charts.

Compact becomes effective upon legislative approval by at least six states within 18 months; any state may withdraw with two years' notice, and states in default can be terminated by three-fourths vote of commission members.