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Bill > HB982


MS HB982

MS HB982
Nonadmitted policy fee; delete repealer on and revise distribution of.


summary

Introduced
02/14/2020
In Committee
05/12/2020
Crossed Over
03/11/2020
Passed
Dead
07/09/2020

Introduced Session

2020 Regular Session

Bill Summary

An Act To Amend Sections 25-15-405, 25-15-407 And 25-15-409, Mississippi Code Of 1972, To Provide For Payments For Benefits And Insurance Premiums Under The Mississippi First Responders Health And Safety Act; To Create The Mississippi First Responders Health And Safety Trust Fund; To Amend Section 83-34-4, Mississippi Code Of 1972, To Annually Divert Forty Percent Of The Nonadmitted Policy Fee To Fund The Rural Fire Truck And Supplemental Fund, The Mississippi First Responders Health And Safety Fund, The Comprehensive Hurricane Mitigation Fund And To Provide Funds To The Fire Marshal's Office For Fire Prevention And Education, For Fire Apparatus Grants And Fire Protection Grants; To Delete The Repealer On The Section Of Law; To Amend Section 83-34-7, Mississippi Code Of 1972, To Revise The Board Of Directors Of The Mississippi Insurance Underwriting Association; To Make The State Treasurer A Nonvoting Member; To Add The Secretary Of State As A Member Of The Board; And For Related Purposes.

AI Summary

This bill: - Amends existing law to provide benefits and insurance premiums under the Mississippi First Responders Health and Safety Act, including a lump-sum payment for a cancer diagnosis, a disability benefit, and death benefits. - Creates the Mississippi First Responders Health and Safety Trust Fund to be funded through a portion of the nonadmitted policy fee collected by the Commissioner of Insurance. - Revises the distribution of the nonadmitted policy fee, with 40% going towards the Rural Fire Truck Fund, the State Fire Marshal's Office, the Mississippi First Responders Health and Safety Trust Fund, and the Comprehensive Hurricane Damage Mitigation Program. - Adds the Secretary of State as a member of the Board of Directors of the Mississippi Insurance Underwriting Association and makes the State Treasurer a nonvoting member. - Deletes the repealer on the section of law related to the nonadmitted policy fee.

Committee Categories

Business and Industry

Sponsors (2)

Last Action

Died In Conference (on 07/09/2020)

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