Bill Text: MS HB914 | 2015 | Regular Session | Introduced

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Bill Title: Homeowners insurance companies; require to write policies on FORTIFIED homes certified by IBHS.

Spectrum: Slight Partisan Bill (Republican 4-2)

Status: (Failed) 2015-02-12 - Died On Calendar [HB914 Detail]

Download: Mississippi-2015-HB914-Introduced.html

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MISSISSIPPI LEGISLATURE

2015 Regular Session

To: Insurance

By: Representatives Busby, DeLano, Lamar, Zuber

House Bill 914

AN ACT TO PROVIDE THAT ANY INSURANCE COMPANY THAT WRITES POLICIES OF PROPERTY AND CASUALTY INSURANCE IN THE STATE OF MISSISSIPPI MUST WRITE POLICIES ON HOMES WITH A FORTIFIED HOME DESIGNATION BY THE INSTITUTE FOR BUSINESS AND HOME SAFETY; AND FOR RELATED PURPOSES.

     BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:

     SECTION 1.  Any insurance company that writes policies of property and casualty insurance in the State of Mississippi must write property and casualty insurance policies on homes with a FORTIFIED Home designation as certified by the Institute for Business and Home Safety.  Any insurance company violating the provisions of this section shall be subject to the revocation of its license to transact business in this state as provided in Section 83-5-83 and subject to the penalty provisions as provided in Section 83-5-85.

     SECTION 2.  This act shall take effect and be in force from and after July 1, 2015.