MS HB545

Creates the "Insurance Benefits Roofing Repair Consumer Protection Act" to regulate residential roofing contractors performing work expected to be paid by property and casualty insurance benefits.

Requires residential roofing contractors to provide insureds with a written notice of cancellation in 10-point boldface type before signing a repair contract, explaining the right to cancel within three business days of receiving written notice from the insurer that the claim is not covered.

Permits insureds to cancel roofing repair contracts within three business days after receiving written notice from their insurance company that all or part of the claim is not a covered loss, with contractors required to return payments within ten business days except for emergency services already performed.

Prohibits contractors from commencing work until the insured's three-day cancellation period has expired and makes any contract provisions requiring payment for non-emergency services unenforceable if the insured cancels.

Establishes that violations are unfair and deceptive trade practices under the Mississippi Consumer Protection Law with civil and criminal penalties, including private rights of action for harmed consumers, effective July 1, 2014.