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MS HB651

Bill

Official Source

Status

Failed

1/31/2023

Primary Sponsor

Joey Hood

Click for details

Origin

House of Representatives

2023 Regular Session

AI Summary

  • Prohibits vehicle insurance policies from being invalidated as to the interest of lienholders, secured parties, assignees, or other named parties when the vehicle owner intentionally acts or fails to act
  • Applies when a lienholder or secured party possesses or is named on a vehicle insurance policy payable to them or "as their interest may appear"
  • Protects the financial interests of lienholders and secured parties even if the vehicle owner's intentional conduct would otherwise void the policy
  • Takes effect July 1, 2023

Legislative Description

Auto insurance; policy held by lienholder or secured party not invalidated by intentional act of vehicle owner.

Last Action

Died In Committee

1/31/2023

Committee Referrals

Insurance1/16/2023

Full Bill Text

No bill text available