MS HB1169

Adds definition of "cybersecurity insurance" to Mississippi Insurance Guaranty Association law to include first- and third-party coverage for losses from data privacy breaches, unauthorized network intrusions, computer viruses, ransomware, cyber extortion, and identity theft.

Increases coverage limit for property damage covered claims from $300,000 to $400,000 per claimant under the guaranty association.

Establishes $300,000 maximum per insured event for all first- and third-party claims under cybersecurity insurance policies, regardless of the number of claims or claimants.

Clarifies that insurance policies transferred or assumed by another insurer under state law are treated as issued by a member insurer if the receiving insurer is placed in liquidation.

Effective date: July 1, 2025.