MS HB327

Extends the repeal date of the Comprehensive Hurricane Damage Mitigation Program within the Department of Insurance from July 1, 2021 to July 1, 2024.

Program establishes cost-benefit studies on wind hazard mitigation construction measures for residential and commercial properties in wind-borne debris regions to develop actuarially appropriate insurance discounts.

Creates a state inspection program with trained and certified inspectors to provide homeowners and business owners wind certification and hurricane mitigation inspections, including home reports, cost estimates, insurance discount information, and wind resistance ratings.

Authorizes financial grants to encourage single-family owner-occupied residential and commercial property owners to retrofit properties to reduce vulnerability to hurricane damage.

Establishes an advisory council composed of insurance industry representatives, homebuilders, legislative committee chairs, and state agency directors to advise the program administrator on implementation.