Bill Text: MS HB1356 | 2013 | Regular Session | Introduced

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Bill Title: Insurance companies; require to offer property and casualty insurance if offered in another state.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2013-02-05 - Died In Committee [HB1356 Detail]

Download: Mississippi-2013-HB1356-Introduced.html

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MISSISSIPPI LEGISLATURE

2013 Regular Session

To: Insurance

By: Representative Evans (91st)

House Bill 1356

AN ACT TO PROVIDE THAT ANY INSURANCE COMPANY THAT WRITES POLICIES OF INSURANCE IN THE STATE OF MISSISSIPPI AND OFFERS PROPERTY AND CASUALTY INSURANCE IN ANOTHER STATE MUST OFFER PROPERTY AND CASUALTY INSURANCE IN THE STATE OF MISSISSIPPI; AND FOR RELATED PURPOSES.

     BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:

     SECTION 1.  Beginning January 1, 2014, any insurance company that writes policies of insurance in the State of Mississippi and offers property and casualty insurance in another state must offer property and casualty insurance in the State of Mississippi.  Any insurance company violating the provisions of this section shall be subject to the revocation of its license to transact business in this state as provided in Section 83-5-83 and subject to the penalty provisions as provided in Section 83-5-85.

     SECTION 2.  This act shall take effect and be in force from and after July 1, 2013.