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MS SB2602

Bill

Status

Failed

3/29/2021

Primary Sponsor

Walter Michel

Click for details

Origin

Senate

2021 Regular Session

AI Summary

  • Diverts $5,000,000 from nonadmitted insurer policy fees to the Rural Fire Truck Fund or Supplementary Rural Fire Truck Fund for fiscal year 2021-2022, restricted to purchasing fire trucks less than 5 years old

  • Allocates $1,000,000 to the State Fire Marshal's Office for fire apparatus grants and fire protection grants, with a required expenditure report due to legislative leadership by November 1, 2022

  • Expands the Rural Fire Truck Acquisition Assistance Program to allow purchase of used fire trucks less than 5 years old, in addition to new trucks, provided they meet NFPA 1900 series standards

  • Maintains the existing 3% nonadmitted policy fee collected by surplus lines insurance producers on policies from nonadmitted insurers

  • County eligibility for fire truck assistance ranges from $50,000-$90,000 per truck depending on how many trucks previously received, with a maximum total of $830,000 per county for up to 13 trucks

Legislative Description

Nonadmitted insurer policy fee; divert certain amount to fund fire trucks and fire apparatus/protection grants.

Last Action

Died In Conference

3/29/2021

Committee Referrals

Insurance1/18/2021

Full Bill Text

No bill text available