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MS SB2409
Bill
Status
Engrossed
2/10/2026
Primary Sponsor
Walter Michel
Click for details
AI Summary
- 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
- Increases maximum financial grants for home retrofitting from $10,000 to $15,000 per recipient and removes the previous requirement for legislative appropriation before funds can be expended
- Raises the fee for filing and processing an agent's certificate of authority from $25 to $50, with half deposited into the State General Fund and half into the Strengthen Mississippi Homes Fund
- Requires the Department of Insurance to submit an annual report by December 1st detailing grants awarded, homes mitigated, FORTIFIED certificates issued, and estimated premium discounts received by grant recipients
- Removes the July 1, 2028 repealer provision, making the program permanent, and eliminates previous requirements for cost-benefit studies, wind certification inspections, and an advisory council
Legislative Description
Mississippi Department of Insurance; establish comprehensive mitigation program for retrofitting insurable homes.
Last Action
Decline to Concur/Invite Conf
3/11/2026
Committee Referrals
Insurance2/13/2026
Insurance1/19/2026
Full Bill Text
No bill text available