Make Mississippi Resilient and Strong Act; create for strengthening properties against severe weather.
What changed between versions
Created a new Mississippi Windstorm Mitigation Association as a nonprofit entity to provide grants for property retrofitting against severe weather.
Established a new $25 supplemental fee for each member insurer's agent certificate filing to fund the new association.
Set a new maximum grant limit of $15,000 per property for retrofitting assistance.
Added new definitions for 'applicant', 'association', 'board', 'commissioner', 'insurable property', 'member insurer', 'person', 'premiums', and 'retrofit'.
Provided immunity from liability for member insurers, their agents, employees, and board members when performing duties under the new act.
Changed the board of directors structure to include appointments by the Commissioner, Governor, Lieutenant Governor, and Speaker of the House with staggered terms.
Authorized the association to contract with third parties to determine grant awards with full discretion in determining award amounts.
Set the effective date of the act to July 1, 2026, with initial board appointments required before August 1, 2026.
Replaced the original 'bring forward' legislative format with a new numbered act structure containing 42 sections.