HB1274

Mississippi HB1274 prohibits insurers from canceling, nonrenewing, or increasing rates for nonfault motor vehicle incidents.

Mississippi HB1274 amends the state's insurance laws to prevent insurers from canceling, nonrenewing, or increasing rates for nonfault motor vehicle incidents. A "nonfault incident" is defined as an accident or collision involving a vehicle covered by a policy where the driver of the insured vehicle was not at fault. The bill specifies that insurers cannot base actions such as cancellation, nonrenewal, or rate increases on these incidents. It also mandates that insurers provide policyholders with advance notice of any less favorable terms or conditions before renewal.