l9n/ Mississippi

2008 Regular Session

Senate Bill 2891

MS Residential Property Insurance Underwriting Association; expand purpose of.

Did not become law. It stopped in the Senate's Insurance Committee on February 19, 2008. The 2008 session has ended.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO AMEND SECTIONS 83-38-1, MISSISSIPPI CODE OF 1972, TO EXPAND THE PURPOSE OF THE MISSISSIPPI RESIDENTIAL PROPERTY INSURANCE UNDERWRITING ASSOCIATION TO ASSURE AN ADEQUATE MARKET FOR HOMEOWNERS INSURANCE; TO AMEND SECTION 83-38-3, MISSISSIPPI CODE OF 1972, TO DEFINE CERTAIN TERMS; TO AMEND SECTION 83-38-5, MISSISSIPPI CODE OF 1972, TO REVISE THE ORGANIZATIONAL STRUCTURE OF THE MISSISSIPPI RESIDENTIAL PROPERTY INSURANCE UNDERWRITING ASSOCIATION LAW; TO CREATE NEW SECTION 83-38-6, MISSISSIPPI CODE OF 1972, TO AUTHORIZE THE ASSOCIATION, WITH THE CONSENT OF THE COMMISSIONER OF INSURANCE, TO LEVY ASSESSMENTS AGAINST ASSESSABLE INSURERS BASED UPON THEIR PERCENTAGE OF PARTICIPATION; TO AMEND 83-38-7, MISSISSIPPI CODE OF 1972, TO REVISE THE POWERS OF THE ASSOCIATION; TO AMEND SECTION 83-38-9, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT THE ASSOCIATION DIRECTORS SHALL BE THE SAME AS THOSE IN THE MISSISSIPPI WINDSTORM UNDERWRITING ASSOCIATION; TO AMEND SECTION 83-38-13, MISSISSIPPI CODE OF 1972, IN CONFORMITY; TO AMEND SECTION 83-38-17, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT ASSOCIATION POLICY RATES SHALL NOT BE EXCESSIVE, INADEQUATE OR UNFAIRLY DISCRIMINATORY; TO AMEND SECTION 83-38-19, MISSISSIPPI CODE OF 1972, TO REQUIRE RULINGS OF THE ASSOCIATION TO BE FIRST APPEALED TO THE COMMISSIONER OF INSURANCE; TO CREATE NEW SECTION 83-38-28, MISSISSIPPI CODE OF 1972, TO REQUIRE THE COMMISSIONER OF INSURANCE TO APPROVE ASSOCIATION RATES AT LEAST ADEQUATE TO FUND ANNUAL REINSURANCE ABOVE A CERTAIN RESERVE; 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 Senate

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 SenateFeb 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 Senate Feb 4 – Feb 19

  1. Referred to the Senate committee on Insurance
  2. Died in committee in the Senate
All 2 actions, as published