MS HB597

Requires uninsured motorist bodily injury coverage limits to automatically equal bodily injury liability coverage limits for policies issued after July 1, 2021, unless the insured selects lower limits in writing.

Requires uninsured motorist property damage coverage limits to automatically equal property damage liability coverage limits for policies issued after July 1, 2021, unless the insured selects lower limits in writing.

Allows insureds to select lower uninsured motorist coverage limits in writing, but not below the minimum limits required by Mississippi Motor Vehicle Safety Responsibility Law.

Once lower limits are selected in writing, insurers may apply those lower limits to subsequent renewal policies by the same insurer unless the insured requests higher coverage.

Requires that new applications submitted for renewal, reinstatement, or replacement transactions trigger the automatic equal coverage rules as if a new policy were being issued.