Insurance Department Fraud Detection Trust Fund; rename Insurance Department Fund and redesignate as a special fund.

HB 1020 creates a dedicated "Insurance Department Fraud Detection Trust Fund" to combat rising insurance fraud, including cyberfraud and deepfakes. It requires property/casualty insurers and life/health insurers to pay annual contributions based on their Mississippi premiums (with a $100 minimum per company), capped at $1 million yearly. Funds must be used exclusively for fraud detection tools, cybersecurity, arson investigations, and related department expenses - no longer flowing into the general state fund. The bill also prevents unspent funds from lapsing into the general fund and allows federal/private grants for the program. This replaces the previous system where insurers paid into the general fund for department costs.