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MS HB988
Bill
Status
2/3/2026
Primary Sponsor
Lee Yancey
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AI Summary
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Renames the Comprehensive Hurricane Damage Mitigation Program to the "Strengthen Mississippi Homes Program" and expands coverage from hurricanes only to include tornadoes and other catastrophic windstorm events
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Increases the maximum financial grant for home retrofitting from $10,000 to $15,000 per recipient to help homeowners make their properties less vulnerable to wind damage
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Doubles the agent's certificate of authority filing fee from $25 to $50, with half deposited into the Strengthen Mississippi Homes Program Fund and half into the State General Fund, effective July 1, 2026
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Removes the July 1, 2028 repeal date for the program, making it permanent, and eliminates requirements for a cost-benefit study, wind certification inspections, and an advisory council
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Requires the Commissioner of Insurance to submit an annual report before December 1 to the Governor, Lieutenant Governor, and Insurance Committee chairs detailing grants awarded, homes mitigated, FORTIFIED certificates issued, and estimated premium discounts
Legislative Description
Strengthen Mississippi Homes Act; create catastrophic windstorm damage mitigation program in Department of Insurance.
Last Action
Died In Committee
2/3/2026