HB1479: Insurance; revise the hurricane deductible.

Legislative Summary

An Act To Provide For A Hurricane Deductible; To Provide Definitions; To Provide That For All Homeowners' Insurance Policies Or Other Policies Insuring A One- Or Two-family Owner Occupied Premises For Fire And Allied Lines, Issued Or Renewed By Authorized Insurers On Or After January 1, 2026, Any Separate Deductible That Applies In Place Of Any Other Deductible To Loss Or Damage Resulting From A Named Storm Or Hurricane Shall Be Applied On An Annual Basis To All Named-storm Or Hurricane Losses That Are Subject To The Separate Deductible During The Calendar Year; To Bring Forward Sections 83-2-3, 83-5-1, 83-1-191, 27-7-1001, 27-7-1003, 27-7-1005, 27-7-1007, 83-34-16, 83-75-1, 83-75-3, 83-75-5, 83-75-7 And 83-34-1, Mississippi Code Of 1972, For The Purpose Of Possible Amendment; And For Related Purposes.