Did not become law. It stopped in the House of Representatives's Insurance Committee on February 19, 2008. The 2008 session has ended.
2008 Regular Session
House Bill 1433
Mississippi Catastrophic Event Fund; create to enable residents to obtain property insurance.
What it does
The synopsis the Legislature published with the bill.
AN ACT TO CREATE THE MISSISSIPPI CATASTROPHIC EVENT FUND FOR THE PURPOSE OF MAINTAINING SUFFICIENT CAPACITY IN THE PRIVATE SECTOR INSURANCE AND REINSURANCE MARKETS THEREBY ENABLING MISSISSIPPI RESIDENTS TO OBTAIN PROPERTY INSURANCE COVERAGE; TO DEFINE CERTAIN TERMS; TO REQUIRE THE COMMISSIONER OF INSURANCE TO ENTER INTO REIMBURSEMENT CONTRACTS WITH EACH INSURER WRITING COVERED POLICIES IN THE STATE OF MISSISSIPPI; TO PROVIDE THAT EACH REIMBURSEMENT CONTRACT SHALL REQUIRE THE INSURER TO ANNUALLY PAY TO THE FUND AN ACTUARIALLY INDICATED PREMIUM; TO AUTHORIZE THE COMMISSIONER OF INSURANCE TO TAKE NECESSARY STEPS FOR THE ISSUANCE OF REVENUE BONDS UPON THE OCCURRENCE OF A CATASTROPHIC EVENT AND A DETERMINATION THAT MONIES IN THE FUND ARE INSUFFICIENT; TO CREATE THE MISSISSIPPI CATASTROPHIC EVENT FUND FINANCE CORPORATION TO ISSUE BONDS AS NECESSARY TO ACHIEVE THE PURPOSES OF THIS ACT; TO REQUIRE THE COMMISSIONER OF INSURANCE TO CALCULATE AND REPORT TO EACH INSURER THE RETENTION MULTIPLES FOR THAT YEAR; AND FOR RELATED PURPOSES.
Sponsors
Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.
In the House of Representatives
Sponsor
Its course
February 4 to February 19, 2008, on one scale. In the top row each mark is a day something happened; taller marks are busier days.
Each committee stop sits inside its chamber.
Every action2 actions on 2 days
In the House of RepresentativesFeb 4 to Feb 19 · stopped15 days
InsuranceFeb 4 to Feb 19 · stopped15 days
Text
Each version as the Legislature printed it.
l9n doesn't hold this bill's text yet.
What happened
In l9n's words, one line for each step. Every action as the Legislature published it is below.
In the House of Representatives Feb 4 – Feb 19
- Feb 4Referred to the House committees on Insurance and on Ways and Means
- Feb 19Died in committee in the House
All 2 actions, as published
- Feb 4Referred To Insurance;Ways and MeansHouse of Representatives
- Feb 19Died In CommitteeHouse of Representatives