Mississippi Senate Bill 2856 (Prior Session Legislation)

---

Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on January 30 2018 - 100% progression
Action: 2018-01-30 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

An Act To Reenact And Amend Section 83-34-4, Mississippi Code Of 1972, To Require Monies Derived From The Nonadmitted Policy Fee To Be Deposited Into The State General Fund And To Extend The Repealer Thereon; To Amend Section 83-34-5, Mississippi Code Of 1972, To Authorize The Windstorm Underwriting Association To Employ An Executive Director; To Amend Section 83-34-35, Mississippi Code Of 1972, To Require The Association To Obtain Approval From The Commissioner Before Obtaining Reinsurance Greater Than The Probable Maximum Loss For A Storm Expected To Occur Every 150 Years, And To Require Any Purchase Of Reinsurance To Include At A Minimum A Self-insured Retention Of One Hundred Million Dollars; To Require The Commissioner Of Insurance To Submit A Study Of The Association To The Legislature; To Amend Section 83-21-21, Mississippi Code Of 1972, To Conform To The Previous Sections; And For Related Purposes.

Windstorm Underwriting Association; revise various provisions relating to.

Sen. Eugene Clarke [R]

Date	Chamber	Action
2018-01-30	Senate	Died In Committee
2018-01-15	Senate	Referred To Finance

Type	Source
Summary	https://billstatus.ls.state.ms.us/2018/pdf/history/SB/SB2856.xml
Text	https://billstatus.ls.state.ms.us/documents/2018/html/SB/2800-2899/SB2856IN.htm