Insurance Fraud Detection Act; establish trust fund to assist Mississippi Insurance Department in cyber fraud.

SB 2701 creates the "Insurance Department Fraud Detection Trust Fund" to help Mississippi's Insurance Department combat rising cyber fraud, including deepfakes and synthetic identity scams. It requires property/casualty insurers and life/health insurers to pay annual contributions (with a $100 minimum per company) totaling up to $1 million yearly - increasing the previous cap from $750,000. Funds will directly support fraud detection tools, cybersecurity reviews, arson investigations, and other fraud-related duties of the Insurance Commissioner. The bill revises existing funding rules to allow unrestricted use of the trust fund (no deposit into the general fund) and ensures unspent balances carry forward annually.