HB 1714

AN ACT TO CREATE THE "MAKE MISSISSIPPI RESILIENT AND STRONG ACT"; TO ESTABLISH THE MISSISSIPPI WINDSTORM MITIGATION ASSOCIATION TO PROVIDE SERVICES TO PROMOTE WELFARE AND ECONOMIC DEVELOPMENT THROUGH THE STRENGTHENING OF RESIDENTIAL HOMES AND COMMERCIAL PROPERTIES TO PROTECT AGAINST SEVERE WEATHER; TO PROVIDE FOR GRANTS TO ASSIST IN STRENGTHENING OF RESIDENTIAL HOMES AND COMMERCIAL PROPERTIES; TO PROVIDE FOR MEMBERSHIP OF THE ASSOCIATION; TO PROVIDE FOR A BOARD OF DIRECTORS; TO PROVIDE THE POWERS OF THE ASSOCIATION; TO PROVIDE FOR THE FUNDING OF THE ASSOCIATION; TO CREATE A SPECIAL FUND IN THE STATE TREASURY TO BE DESIGNATED THE MISSISSIPPI WINDSTORM MITIGATION ASSOCIATION FUND FOR THE PURPOSE OF PROVIDING FUNDS TO CARRY OUT THE PROVISIONS OF THIS ACT; TO PROVIDE THAT MEMBER INSURERS SHALL BE IMMUNE FROM ACTS OR OMISSIONS IN THE PERFORMANCE OF THEIR DUTIES; TO AMEND SECTION 83-5-73, MISSISSIPPI CODE OF 1972, TO REQUIRE ALL MEMBER INSURERS TO PAY A SUPPLEMENTAL FEE TO FUND THE ASSOCIATION; TO AMEND SECTION 83-34-5, MISSISSIPPI CODE OF 1972, TO AUTHORIZE THE MISSISSIPPI WINDSTORM UNDERWRITING ASSOCIATION TO CONTRACT WITH A THIRD PARTY FOR THE DETERMINATION OF GRANT AWARDS; TO BRING FORWARD SECTIONS 83-34-1 THROUGH 83-34-4 AND 83-34-7 THROUGH 83-34-37, MISSISSIPPI CODE OF 1972, WHICH RELATE TO THE MISSISSIPPI WINDSTORM UNDERWRITING ASSOCIATION, FOR PURPOSES OF POSSIBLE AMENDMENT; TO BRING FORWARD SECTION 83-1-191, MISSISSIPPI CODE OF 1972, WHICH CREATES THE COMPREHENSIVE HURRICANE DAMAGE MITIGATION PROGRAM, FOR PURPOSES OF AMENDMENT; TO BRING FORWARD SECTION 83-1-201, MISSISSIPPI CODE OF 1972, WHICH CREATES THE MISSISSIPPI WINDSTORM MITIGATION FUND, FOR PURPOSES OF POSSIBLE AMENDMENT; TO BRING FORWARD SECTIONS 27-15-103 AND 27-15-109, MISSISSIPPI CODE OF 1972, WHICH REQUIRE THE ASSESSMENT OF A PREMIUM TAX ON FOREIGN AND DOMESTIC INSURANCE COMPANIES, FOR PURPOSES OF POSSIBLE AMENDMENT; AND FOR RELATED PURPOSES.