Mississippi 2024 Regular Session

Mississippi House Bill HB916

Introduced
2/2/24  
Refer
2/2/24  

Caption

Uninsured motorist coverage; provide that limits will be equal to liability coverage unless insured selects otherwise.

Impact

The implications of this bill are significant as they propose a standardized approach to uninsured motorist coverage, which has been a point of confusion among many insured individuals. By aligning coverage limits, it aims to reduce the instances where consumers unwittingly select inadequate coverage that could leave them exposed financially in the event of an accident. This legislative change is particularly important in Mississippi, where uninsured driver rates may necessitate stronger protections for lawful motorists.

Summary

House Bill 916 amends Section 83-11-101 of the Mississippi Code of 1972, specifically addressing uninsured motorist coverage. The bill mandates that for policies issued after July 1, 2024, the limits of uninsured motorist coverage must automatically match the limits of bodily injury and property damage liability coverage, unless the consumer explicitly chooses lower limits. This change aims to simplify the insurance process for consumers, making it clear and standardized across policies, thereby ensuring that policyholders have adequate coverage in case they are involved in accidents with uninsured drivers.

Contention

Notably, there may be contention among stakeholders regarding this mandate. Insurance companies might express concerns about the regulatory burdens this places on them, particularly regarding the potential rise in premium costs or the burden of informing clients of these changes. Additionally, consumer advocacy groups could have differing opinions on whether this will genuinely lead to better protection or if consumers would benefit from having the freedom to choose lower limits as previously available without the complication of mandated coverage adjustments.

Companion Bills

No companion bills found.

Previously Filed As

MS HB896

Uninsured motorist coverage; provide that limits will be equal to liability coverage unless insured selects otherwise.

MS HB895

Uninsured motorist coverage; provide that coverage is mandatory in every automobile liability insurance policy.

MS HB913

Motor vehicle liability insurance policy; require to include medical payment coverage.

MS HB520

Automobile liability insurance; provide motorists noncompliant with may not recover loss in accident with compliant.

MS SB2222

Vehicle data; prevent an insurer from using insured's data to determine rates to renew policy unless insured consents.

MS SB2220

Automobile liability insurance coverage; require before receiving tag.

MS SB2307

Election commissioners; require board of supervisors to provide insurance coverage for.

MS HB113

Election commissioners; require board of supervisors to provide insurance coverage for.

MS HB316

Health insurance; require certain policies to provide coverage for physician-prescribed proton beam therapy.

MS HB853

Health insurance policies; require certain to provide infertility coverage and establish pilot program in State Health Plan.

Similar Bills

MS HB896

Uninsured motorist coverage; provide that limits will be equal to liability coverage unless insured selects otherwise.

MS HB643

Uninsured motorist coverage; provide that limits will be equal to liability coverage unless insured selects otherwise.

MS HB1109

Uninsured motorist coverage; provide that limits will be equal to liability coverage unless insured selects otherwise.

MS HB895

Uninsured motorist coverage; provide that coverage is mandatory in every automobile liability insurance policy.

MS HB644

Uninsured motorist coverage; provide that coverage is mandatory in every automobile liability insurance policy.

MS HB1108

Uninsured motorist coverage; provide that coverage is mandatory in every automobile liability insurance policy.

MS HB918

Uninsured motorist coverage; provide that coverage is mandatory in every automobile liability insurance policy.

MS HB1186

Uninsured motorist coverage law; revise to prohibit insurance policy from paying certain losses if another insurance policy must pay for such.