l9n/ Mississippi

2019 Regular Session

House Bill 323

Insurance companies; require to establish an internal audit function.

Became law as Chapter 326, Laws of 2019, signed March 15, 2019, 60 days after it was filed.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO AMEND SECTION 83-5-102, MISSISSIPPI CODE OF 1972, TO REVISE DEFINITIONS OF CERTAIN TERMS USED IN THE SECTIONS OF LAW REQUIRING AN AUDIT OF INSURERS; TO AMEND SECTION 83-5-119, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT THE AUDIT COMMITTEE OF AN INSURER SHALL BE RESPONSIBLE FOR OVERSEEING THE INSURER'S INTERNAL AUDIT FUNCTION; TO CREATE SECTION 83-5-120, MISSISSIPPI CODE OF 1972, TO REQUIRE INSURERS TO ESTABLISH AN INTERNAL AUDIT FUNCTION PROVIDING INDEPENDENT, OBJECTIVE AND REASONABLE ASSURANCE TO THE AUDIT COMMITTEE AND INSURER MANAGEMENT REGARDING THE INSURER'S GOVERNANCE, RISK MANAGEMENT AND INTERNAL CONTROLS; 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

Its course

January 14 to March 15, 2019, 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 action12 actions on 12 days

In the House of RepresentativesJan 14 to Jan 2915 days

InsuranceJan 14 to Jan 228 days

In the SenateJan 29 to Mar 636 days

InsuranceFeb 25 to Mar 47 days

Accountability, Efficiency, TransparencyMar 4 to Mar 51 day

With the GovernorMar 6 to Mar 159 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 Jan 14 – Jan 29

  1. Jan 14Referred to the House committee on Insurance
  2. Jan 22Reported from committee in the House: title sufficient, do pass
  3. Jan 29Passed the House

In the Senate Jan 30 – Mar 6

  1. Jan 30Sent to the Senate
  2. Feb 25Referred to the Senate committees on Insurance and on Accountability, Efficiency, Transparency
  3. Mar 4Reported from IN to AC in the Senate: title sufficient, do pass
  4. Mar 5Reported from committee in the Senate: title sufficient, do pass
  5. Mar 6Passed the Senate

To the Governor Mar 7 – Mar 15

  1. Mar 7Returned to the House for enrolling
  2. Mar 8Enrolled bill signed in the House
  3. Mar 11Enrolled bill signed in the Senate
  4. Mar 15Approved by the Governor
All 12 actions, as published
  1. Jan 14Referred To InsuranceHouse of Representatives
  2. Jan 22Title Suff Do PassHouse of Representatives
  3. Jan 29PassedHouse of Representatives
  4. Jan 30Transmitted To SenateHouse of Representatives
  5. Feb 25Referred To Insurance;Accountability, Efficiency, TransparencySenate
  6. Mar 4DR - TSDP: IN To ACSenate
  7. Mar 5Title Suff Do PassSenate
  8. Mar 6PassedSenate
  9. Mar 7Returned For EnrollingSenate
  10. Mar 8Enrolled Bill SignedHouse of Representatives
  11. Mar 11Enrolled Bill SignedSenate
  12. Mar 15Approved by GovernorGovernor