l9n/ Mississippi

2014 Regular Session

Senate Bill 2796

Unclaimed Life Insurance Benefits Act; create.

Became law as Chapter 431, Laws of 2014, signed March 24, 2014, 63 days after it was filed.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO CREATE THE "UNCLAIMED LIFE INSURANCE BENEFITS ACT"; TO DEFINE TERMS USED IN THE ACT; TO REQUIRE AN INSURER TO PERFORM A COMPARISON OF ITS IN-FORCE POLICIES, ANNUITIES AND RETAINED ASSET ACCOUNTS ISSUED IN THIS STATE AGAINST A DEATH MASTER FILE TO IDENTIFY POTENTIAL DEATH MASTER FILE MATCHES; TO PROVIDE THAT ONCE PROCEEDS ARE REPORTED AND REMITTED, THE INSURER SHALL BE INDEMNIFIED FROM ANY LIABILITY TO ANY PERSON RELATING TO THE PROCEEDS REPORTED AND REMITTED; TO PROVIDE THAT ANY PROCEEDS REMITTED TO THE STATE OF MISSISSIPPI SHALL BE DEPOSITED INTO THE ABANDONED PROPERTY FUND MAINTAINED BY THE STATE TREASURER; TO PROHIBIT THE COMMISSIONER OF INSURANCE AND THE STATE TREASURER FROM PROMULGATING RULES OR REGULATIONS THAT IMPOSE ADDITIONAL DUTIES ON INSURERS BEYOND THOSE SET FORTH IN THIS ACT; TO CREATE A NEW SECTION OF LAW TO PROVIDE THAT CERTAIN UNITED STATES SAVINGS BONDS WHICH ARE UNCLAIMED PROPERTY SHALL ESCHEAT TO THE STATE OF MISSISSIPPI; 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

January 20 to March 24, 2014, 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 action18 actions on 12 days

In the SenateJan 20 to Feb 516 days

InsuranceJan 20 to Jan 299 days

In the House of RepresentativesFeb 5 to Feb 2520 days

InsuranceFeb 15 to Feb 183 days

Back in the SenateFeb 25 to Mar 1821 days

With the GovernorMar 18 to Mar 246 days

Amendments

Each amendment offered, and what became of it.

  • House of Representatives committee amendmentPending

  • House of Representatives floor amendmentPending

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 Jan 20 – Feb 5

  1. Jan 20Referred to the Senate committee on Insurance
  2. Jan 29Reported from committee in the Senate: title sufficient, do pass as a committee substitute
  3. Feb 5Committee substitute adopted in the Senate
  4. Passed the Senate

In the House of Representatives Feb 6 – Feb 25

  1. Feb 6Sent to the House
  2. Feb 15Referred to the House committee on Insurance
  3. Feb 18Reported from committee in the House: title sufficient, do pass as amended
  4. Feb 25Amended in the House
  5. Passed the House as amended

Back in the Senate Feb 25 – Mar 18

  1. Feb 25Motion in the House to reconsider entered (Mayo, Chism and Busby)
  2. Feb 26Reconsidered in the House
  3. Amended in the House
  4. Passed the House as amended
  5. Mar 3Returned to the Senate to concur in the House's amendments
  6. Mar 13Concurred in the Senate in the House's amendments
  7. Mar 18Enrolled bill signed in the Senate

To the Governor Mar 18 – Mar 24

  1. Mar 18Enrolled bill signed in the House
  2. Mar 24Approved by the Governor
All 18 actions, as published
  1. Jan 20Referred To InsuranceSenate
  2. Jan 29Title Suff Do Pass Comm SubSenate
  3. Feb 5Committee Substitute AdoptedSenate
  4. Feb 5PassedSenate
  5. Feb 6Transmitted To HouseSenate
  6. Feb 15Referred To InsuranceHouse of Representatives
  7. Feb 18Title Suff Do Pass As AmendedHouse of Representatives
  8. Feb 25AmendedHouse of Representatives
  9. Feb 25Passed As AmendedHouse of Representatives
  10. Feb 25Motion to Reconsider Entered (Mayo, Chism, Busby)House of Representatives
  11. Feb 26ReconsideredHouse of Representatives
  12. Feb 26AmendedHouse of Representatives
  13. Feb 26Passed As AmendedHouse of Representatives
  14. Mar 3Returned For ConcurrenceHouse of Representatives
  15. Mar 13Concurred in Amend From HouseSenate
  16. Mar 18Enrolled Bill SignedSenate
  17. Mar 18Enrolled Bill SignedHouse of Representatives
  18. Mar 24Approved by GovernorGovernor