Did not become law. It stopped in the Senate's Insurance Committee on February 5, 2019. The 2019 session has ended.
2019 Regular Session
Senate Bill 2797
Insurance companies; require to establish an internal audit function.
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 Senate
Sponsor
Its course
January 21 to February 5, 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 action2 actions on 2 days
In the SenateJan 21 to Feb 5 · stopped15 days
InsuranceJan 21 to Feb 5 · 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 Jan 21 – Feb 5
- Jan 21Referred to the Senate committees on Insurance and on Accountability, Efficiency, Transparency
- Feb 5Died in committee in the Senate
All 2 actions, as published
- Jan 21Referred To Insurance;Accountability, Efficiency, TransparencySenate
- Feb 5Died In CommitteeSenate