Bill > SB2024

This bill changes the Mississippi Commissioner of Insurance from an elected to an appointed position, effective July 1, 2025. The Commissioner will now be appointed by the Governor with the advice and consent of the Senate, serving a six-year term. To be eligible, the Commissioner must be a Mississippi resident at least 30 years old, hold a bachelor's degree, and have significant experience and knowledge in the insurance industry and risk management. The bill maintains existing restrictions preventing the Commissioner from being connected to insurance companies or holding other public offices. The appointee must take an oath of office, file a $25,000 bond, and can only be removed through impeachment or as specified in existing state law. Additionally, the bill removes the previous requirement that the Governor must consent to the Commissioner's appointment of a Chief Deputy Commissioner. These changes aim to professionalize the role by shifting from an elected to an appointed position based on qualifications and expertise.

Business and Industry

https://billstatus.ls.state.ms.us/2025/pdf/history/SB/SB2024.xml