MS SB2670

Directs the Department of Revenue to deposit $40 million annually from insurance premium tax revenues into the Mississippi Windstorm Underwriting Association Reinsurance Assistance Fund for fiscal years 2012 and 2013

Total of $120 million to be deposited over a six-year period into the fund to reduce premium rates for property insured through the windstorm association

Requires all billing statements for essential property insurance written under the Windstorm Underwriting Association to include notice of the $120 million legislative deposit

Provisions automatically repeal on July 1, 2013