MS SB2802

Revises distribution of nonadmitted policy fees collected by the Mississippi Windstorm Underwriting Association beginning July 1, 2025, to allocate funds to fire protection programs instead of only to the association.

Requires $500,000 annually to be diverted to the Mississippi First Responders Health and Safety Trust Fund and $12,000,000 annually to be remitted to the association, with remaining excess amounts split as: 40% to Rural Fire Truck Fund, 30% to Municipal Fire Protection Fund, and 30% to County Volunteer Fire Department Fund.

Amends Sections 83-1-37 and 83-1-39 to authorize the Municipal Fire Protection Fund and County Volunteer Fire Department Fund to receive portions of nonadmitted policy fee revenues in addition to existing insurance premium tax allocations.

Authorizes the Commissioner of Insurance to establish guidelines for use of nonadmitted policy fee monies distributed to fire protection programs.

Takes effect July 1, 2025.