MS SB2582

Requires insurance companies to provide premium discounts or rate reductions for owners who build new insurable properties in Harrison, Hancock, Jackson, George, Stone, and Pearl River Counties that comply with 2006 International Residential Code hurricane mitigation requirements or Fortified For Safe Living Standards.

Requires insurance companies to provide premium discounts or rate reductions for owners who retrofit existing insurable properties in the same counties to Level One, Level Two, or Level Three Fortified Existing Homes standards or other commissioner-approved mitigation programs.

Limits insurable property to single-family residential and modular homes, excluding manufactured and mobile homes except Zone three HUD code manufactured homes that are retrofitted per Fortified Existing Home requirements.

Requires properties to be certified as compliant by licensed building inspectors or FFSLS certified inspectors, with owners maintaining certification, construction, and material records.

Applies to new insurance policies written or existing policies renewed on or after December 1, 2012; authorizes the Insurance Commissioner to promulgate rules for implementation.