MS HB1410

Requires insurance companies to provide premium discounts or rate reductions by July 1, 2013, for homeowners in Harrison, Hancock, Jackson, Stone, and Pearl River Counties who build, rebuild, or retrofit properties to resist hurricane or catastrophic windstorm damage

Properties must be certified as meeting the 2006 or newer International Residential Code with coastal construction supplement, the Fortified for Safer Living/Fortified for Safer Homes program by the Institute for Business and Home Safety, or other mitigation programs approved by the Commissioner of Insurance

Certification must be completed by a building official, licensed building evaluator, or Institute for Business and Home Safety certified evaluator, and property owners must maintain certification and construction records

Insurers must submit actuarially justified rating plans to the Commissioner of Insurance, with discounts applying to wind coverage portions of policies; insurers may offer different discount amounts for building code compliance versus Fortified program compliance

Applies to single-family residential properties and qualifying modular homes, while manufactured and mobile homes are generally excluded except for zone three HUD code manufactured homes meeting specified regulations