Mutual Insurance Companies; establish certain notice and proxy requirements.

HB 1326 would have required mutual insurance companies in Mississippi to establish specific notice periods for member meetings and set rules for voting by proxy. It mandated that written proxies be submitted at least 30 days before meetings and prohibited irrevocable proxies lasting more than 11 months. The bill also moved an existing section governing mutual insurance holding companies to be amended, enabling future adoption of similar notice and proxy requirements for holding companies. The bill was introduced in 2025 but died in committee, so it never took effect.