House Bill 451

AN ACT TO AMEND SECTION 83-34-4, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT MONIES DERIVED FROM THE NONADMITTED POLICY FEE SHALL NOT BE CONSIDERED PUBLIC FUNDS; TO PROVIDE, AS LONG AS THE ASSOCIATION WILL RECEIVE AT LEAST SIXTY PERCENT OF THE FEES, AN ANNUAL DIVERSION OF $500,000.00 FROM THE NONADMITTED POLICY FEE TO THE FIRST RESPONDER HEALTH AND SAFETY TRUST FUND; TO PROVIDE, AS LONG AS THE ASSOCIATION WILL RECEIVE AT LEAST SIXTY PERCENT OF THE FEES, AN ANNUAL DIVERSION OF $3,500,000.00 FROM THE NONADMITTED POLICY FEE TO THE ANNUAL FIRE FUND; TO REMIT TO THE ASSOCIATION FIFTY PERCENT OF ANY AMOUNT REMAINING AFTER ANY DIVERSIONS OF THE NONADMITTED POLICY FEE AND FIFTY PERCENT TO THE ANNUAL FIRE FUND; TO PROVIDE THAT IN THE EVENT THE VALUE OF THE ASSOCIATION'S TOTAL ADMITTED ASSETS, AS DEFINED BY THE AUDITED FINANCIAL STATEMENT, IS LESS THAN $250,000,000.00, THE MONIES DIVERTED AND NOT REMITTED TO THE ASSOCIATION DURING THAT FISCAL YEAR AND SUBSEQUENT FISCAL YEARS SHALL IMMEDIATELY BE DIVERTED TO THE ASSOCIATION AND SHALL NOT BE CONSIDERED PUBLIC FUNDS; TO AUTHORIZE THE ASSOCIATION TO USE EXCESS FUNDS TO PURCHASE REINSURANCE IN AN AMOUNT THAT MAY EXCEED THE TOTAL PREMIUMS COLLECTED FROM POLICYHOLDERS; TO DELETE THE REPEALER ON THE NONADMITTED POLICY FEE; TO CREATE A NEW SECTION OF LAW TO CREATE A SPECIAL FUND TO BE DESIGNATED AS THE "MISSISSIPPI FIRST RESPONDERS HEALTH AND SAFETY TRUST FUND" TO BE ADMINISTERED BY THE COMMISSIONER OF INSURANCE TO ASSIST THE STATE, MUNICIPALITIES, COUNTIES AND FIRE PROTECTION DISTRICTS WITH PROVIDING BENEFITS REQUIRED BY THE MISSISSIPPI FIRST RESPONDERS HEALTH AND SAFETY ACT; TO CREATE A NEW SECTION OF LAW TO CREATE A SPECIAL FUND TO BE DESIGNATED AS THE "ANNUAL FIRE FUND" TO BE ADMINISTERED BY THE COMMISSIONER OF INSURANCE TO REQUEST THE STATE FISCAL OFFICER TO TRANSFER FUNDS FROM THIS FUND TO THE RURAL FIRE TRUCK FUND, THE SUPPLEMENTARY RURAL FIRE TRUCK FUND, THE MUNICIPAL FIRE PROTECTION FUND AND/OR THE COUNTY VOLUNTEER FIRE DEPARTMENT FUND; AND FOR RELATED PURPOSES.

In the House of Representatives

• Henry Zuber III

  Sponsor

• Senate committee amendmentAdopted

  Adopted Mar 7

l9n doesn't hold this bill's text yet.

In the House of Representatives Jan 5 – Feb 9

1. Jan 5Referred to the House committee on Insurance
2. Jan 31Reported from committee in the House: title sufficient, do pass
3. Feb 8Read the third time in the House
4. Feb 9Passed the House

In the Senate Feb 10 – Mar 7

1. Feb 10Sent to the Senate
2. Feb 11Referred to the Senate committee on Insurance
3. Mar 1Reported from committee in the Senate: title sufficient, do pass as amended
4. Mar 7Amended in the Senate
5. Passed the Senate as amended

Back in the House of Representatives Mar 8 – Apr 6

1. Mar 8Returned to the House to concur in the Senate's amendments
2. Mar 16Declined in the House to concur, and invited a conference
3. Mar 22Conferees named in the House: Zuber, Ford (54th) and Busby
4. Mar 23Conferees named in the Senate: Michel, Boyd and Harkins
5. Mar 28Conference report filed in the Senate
6. Conference report filed in the House
7. Mar 29Recommitted in the House to the conferees for further conference
8. Recommitted in the Senate to the conferees for further conference
9. Mar 31Conference report filed in the House
10. Conference report filed in the Senate
11. Apr 1Conference report adopted in the House
12. Apr 4Suspended from deadlines by Senate Concurrent Resolution 605
13. Reconsidered in the House
14. Recommitted in the House to the conferees for further conference
15. Recommitted in the Senate to the conferees for further conference
16. Conference report filed in the Senate
17. Conference report filed in the House
18. Conference report adopted in the House
19. Conference report adopted in the Senate
20. Apr 6Enrolled bill signed in the House

To the Governor Apr 7 – Apr 18

1. Apr 7Enrolled bill signed in the Senate
2. Apr 18Approved by the Governor