MS HB887

Extends the repeal date of the Comprehensive Hurricane Damage Mitigation Program within the Department of Insurance from July 1, 2018 to July 1, 2021.

Maintains the program's core functions including cost-benefit studies on wind hazard mitigation construction measures, wind certification and hurricane mitigation inspections, and financial grants for property retrofitting.

Requires insurance companies to notify clients within 30 days of filing discount schedules about program availability, participation details, and contact information.

Establishes an advisory council consisting of insurance industry representatives, homebuilders, legislative chairs of insurance committees, the Mississippi Windstorm Underwriting Association director, and the Emergency Management Agency director.

Authorizes the Department of Insurance to adopt rules establishing grant priorities based on objective criteria that reduce the state's probable maximum loss from hurricanes.