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MS HB1103

Bill

Official Source

Status

Failed

1/31/2023

Primary Sponsor

Ronnie Crudup

Click for details

Origin

House of Representatives

2023 Regular Session

AI Summary

  • Property and casualty insurers must require property owners to clean up blighted real property before reimbursing damages
  • Insurers may pay no more than 90% of damages owed, with the remaining 10% potentially paid by the county or municipality where the property is located
  • The Commissioner of Insurance is responsible for enforcing these provisions and adopting necessary rules and regulations
  • Effective date: July 1, 2023

Legislative Description

Property and casualty insurance; require blighted real property to be cleaned up before insurer pay insured certain amount.

Last Action

Died In Committee

1/31/2023

Committee Referrals

Insurance1/16/2023

Full Bill Text

No bill text available